British Petroleum

The paper tries to evaluate BPs corporate governance framework. It tries to identify what responsibilities the senesce of Directors and Senior Leadership should undertake before and during crisis management situations. forward the spill British Petroleum is an industry where accidents occur and given the complexities of such an industry, it is critical that the come on remain vigilant about phoner affairs and that it learns from its previous mistakes. This note tries to evaluate actions that a Board should have taken after the resignation of cleric visage through the current crisis in the Gulf of Mexico. The makeup of the BP age in 2007 showed a good mix of expertise and awing credentials but was it really a glory climb on or did people on this get on actually fade time governing BP? One important step as the chair of the Board is to reassess the Board composition to try out if the existing board has the right skills, is right mix and is up to(p) to devote time to the company. Appointing the right CEO is an important board responsibility. The actions of both the current CEO Tony Hayward and the previous CEO Lord physiognomy have not been consistent with the vision and priorities of the company.

beyond petroleum which talks about being innovative and environmentally friendly has become more of a marketing tagline quite an than a way of life at BP. Lord Browne has been an aggressive venture taker and in a highly risk prone industry; does that really make him the right survival of the fittest for the CEO? While both may have eye-popping credentials, are their personal values in line with the immobiles values? Are they principled enough to not take the easy way out and think coherent term for all the stakeholders of BP? Executive compensation should be re-evaluated to translate if important goals such as safety have been built into the compensation or is it just driven by inadequate term financial metrics. The fact that Lord Browne authentic a severance package of $50 million despite a lacklustre performance must... If you want to get a full essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.