Manifold’s Board Reforms and Exit | Business and Finance News

BP’s ousted chairman Albert Manifold was reportedly pushing sweeping reforms—including six-year term limits for board members and the ousting of key figures like Dame Amanda Blanc—just days before his firing. Though BP denies the reforms were ever on the agenda, insiders say Manifold aimed to cut costs and boost governance, fearing long-serving directors could compromise independence. Ironically, Dame Amanda, targeted for removal, played a key role in his dismissal. Manifold denies wrongdoing, calling bullying claims false, while BP backs her and tasks her with finding his replacement. His short tenure saw board cuts and governance overhauls, but his plans never reached formal discussion—leaving investors skeptical and casting doubt on the new CEO’s leadership as BP navigates major strategic moves. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d50299a45cfd3292