BP removes chair Albert Manifold amid conduct concerns
BP has removed Albert Manifold from his position as chair following allegations of bullying and governance issues. This decision comes as the company faces significant financial challenges. (sources: ft, aljazeera, fortune, thehill, axios)
Albert Manifold has been ousted as chair of BP due to concerns regarding governance and conduct. His removal follows a decline in the company's net income and a drop in stock value.
- Manifold's leadership style was perceived as aggressive by colleagues.
- BP's stock fell over 4 percent following the announcement of his removal.
- The company is currently led by an interim chair and a new CEO.
Why it matters
The removal of the chair raises questions about governance standards at BP during a period of financial difficulty.
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This story is connected to HR4599: Protections and Transparency in the Workplace Act — legislation your representatives can act on.
HR4599 · 119th Congress
Protections and Transparency in the Workplace Act
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What HR4599 actually does
This story is about BP removes chair Albert Manifold after claims of bullying. This bill would Require SEC-reporting companies to disclose metrics on “covered discrimination and harassment” claims (including settlements/judgments/payme.
If passed, it would:
- Require SEC-reporting companies to disclose metrics on “covered discrimination and harassment” claims (including • Require independent third-party investigations plus mandatory training/surveys and an anonymous whistleblower tip line.
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