Board governance principles
The board governance principles are designed to enable the board and BP's executive management to operate within a clear governance framework.
The principles describe the board's relationship with shareholders and executive management, the conduct of board affairs and the tasks and requirements for board committees. They outline the board's focus on activities that enable it to promote shareholders' interests, including the active consideration of strategy, the monitoring of executive action and ongoing board and executive management succession.
The board has developed these principles to help it fulfil its responsibilities. The board regularly keeps its work and performance under review and will revisit the board governance principles annually.