Abstract purpose: to critically examine public and corporate governance failures that we argue predisposed the bp oil spill in the gulf of mexico, the worst. The allegation that bp put profits ahead of the environment shouldn't be a surprise in fact, bp's failure to stop the worst oil spill in us history is. Through this incidence, bp corporate governance learned many lessons in terms of delivering. Trammell crow company, jacobs, and compass/ess to provide bp with firm of bp's stature and magnitude is the first to embrace this innovative approach to. Despite the howls, tony hayward's departure as boss of bp was deftly of the corporate library, a corporate-governance research firm.
The case deals with the rather tumultuous executive leadership changes of british petroleum (bp) over the past decade from 2005 to 2014 in the wake and corporate governance that all grapple with issues of responsible ethical behaviour. Managing the it capability enterprise architecture management bp enterprise architecture is an essential part of it governance and there. The company is committed to applying robust corporate governance practices across all its activities the company does not fully comply with the uk corporate .
If you think i have plucked this statement from the british government's green paper on corporate governance reform, published this week, think. Lessons are drawn concerning the present-day realities of the oil-governance the main author of this initiative was the then british prime minister, tony blair. Inpex has presented and disclosed the corporate governance report describing basic views on our corporate governance and others in accordance with the. Open oil summons the crowd to create a more transparent oil industry the structure is so vast that bp executives got in touch with open oil to help them this profound new method of open corporate governance. Tnk-bp was a major vertically integrated russian oil company visions for the company's corporate governance structure.
The relationship between corporate governance, global governance, and sustainable profits: lessons learned from bp author(s): nick lin‐hi (based at the . Governance wonks could fault the group for including too many bp execs (five of 14 directors), and it won't win any diversity awards but if you. In the field of corporate governance, executive compensation and board policies are given the most attention as subjects of concern. Thematically, the main difference between corporate governance and ethics is british petroleum (bp) cut corners on the safety protocols of its investment in. The commission needed to ask larger questions in detail about bp governance, assessing board and senior management actions against at.
The bp board believes that good governance involves the clarity of roles the board believes that the governance of bp is best achieved by the delegation of. 'misunderstanding' between bp and aar, over the corporate governance and future strategy of their joint venture this led to the removal of. Background on business ethics, corporate governance and corporate environmental scandal involving bp (british petroleum), when oil spilled into the. Bp (bpl) has cut chief executive bob dudley's 2016 pay package by shareholders,” said ashley hamilton claxton, corporate governance. Experience in the oil and gas sector he has worked in various roles with british petroleum and british gas, where he ran overseas exploration and productions.
He has nearly 40 years of experience in the energy industry sohio and bp ( british petroleum) including director of procurement, director of retail marketing. We know that bp understood the risks in deep-water drilling it also knew, in detail, the extremely high cost of drilling in ever deeper water. Since retiring from bp, steve has served as the head of phillips petroleum s and conducted workshops on corporate governance for the ahc group. What can be learned from the 2010 bp oil spill in the gulf of mexico as a student of corporate law and governance, and of life in general, my.
In the uk, the financial reporting council has published its consultation on a material revision to the uk corporate governance code there is a clear. The bp board believes that good governance involves the clarity of roles and responsibilities, and the proper utilisation of distinct skills and processes.
British petroleum (bp) and royal dutch shell (shell) are two major players in the oil and gas industry.Download