Your vote against the re-election of the Chair of BP is still needed to signal your concerns about both governance and the influence of Elliot
LETTER TO INVESTORS IN BP
We again write to shareholders in BP to emphasize the importance of their vote against the re-election of the chair of BP, although he will resign: his resignation, the search for a new chair, and Elliot’s alleged influence make your vote even more important.
As The Guardian quoted Follow This: “The new chair needs to be climate and transition competent and resistant to short-term activists. BP made a strategic U-turn in panic mode after an alleged short-term activist bought shares in BP. We hear a lot of frustration from long-term investors on this aspect.”
“The need to vote against the chair in 2025 has not disappeared with his resignation in 2026. Investors concerned with good governance must voice their concerns,” as Reuters quoted Follow This.
As we stated in our previous letter: Follow This never wanted the chair to resign. We wanted him to heed the message that he has crossed a governance line.
We therefore advise investors to signal their concerns about governance and the influence of an alleged short-term investor by voting against the re-election of BP’s Chair.
This is your final opportunity to ensure that the competencies of the next Chair will be a serious topic of discussion during your next engagement sessions with BP rather than leaving it to Elliott and its undisclosed agenda.
Your choice as an investor is clear: act now, or be silenced later.
Tarek Bouhouch
Mark van Baal
