The board makes use of a number of formal communication channels to account to shareholders for the performance of the company, including
the Annual Report and Accounts and the Annual Review. Presentations given at appropriate intervals to representatives of the investment
community are available simultaneously by live internet broadcast or open conference call. The chairman and the company secretary's office
participate in dialogue with shareholders concerning the governance and operation of the group. The board considers the results of contacts with shareholders.
Given the size and geographical diversity of BP's shareholder base,
the opportunities for shareholder interaction at the AGM are limited. However, the chairman and all board committee chairmen were present
at the 2003 AGM to answer questions from shareholders. Votes on all matters, except procedural issues, are taken by way of a poll. BP has
pioneered the use of electronic communications to facilitate the exercise of shareholder control rights.
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