BP 2009 Annual Report Download - page 82

BP Annual Report and Accounts 2009
Board performance and biographies
–
Chairman’s committee report
The committee met five times in 2009.
Committee structure
The chairman’s committee consists of the chairman and all the non-
executive directors.
Attendance
Chairman’s committee meetings Chairman’s committee
eligible to attend meetings attended
P D Sutherland 5 3
Sir Ian Prosser 5 5
A Burgmans 5 5
C B Carroll 5 5
Sir William Castell 5 4
G David 5 5
E B Davis, Jr 5 5
D J Flint 5 5
D S Julius 5 5
Sir Tom McKillop 1 1
C-H Svanberg 2 2
The main tasks of the committee are:
• Evaluating the performance and effectiveness of the group chief
executive.
• Reviewing the structure and effectiveness of the business
organization of BP.
• Reviewing the systems for senior executive development and
determining the succession plan for the group chief executive,
executive directors and other senior members of executive
management.
• Determining any other matter which is appropriate to be considered
by all of the non-executive directors.
• Opining on any matter referred to it by the chairman of any
committee comprised solely of non-executive directors.
Committee activities
During the year, the committee reviewed:
• The performance of the group chief executive and with him, the
performance of the other executive directors.
• The performance of the chairman.
• The succession plan for the executive team and any development issues.
Dr Hayward attended a number of meetings of the committee and
considered with the committee his response to the strategic and
operational challenges facing the group and their implication for the
evaluation of the senior management team. Corporate culture and ‘tone
from the top’ also remain an area of active discussion.
On behalf of the chairman’s committee,
Carl-Henric Svanberg
Chairman
aIncludes 47,320 shares held as ADSs at 31 December 2009 and 44,158 shares held as
ADSs at 1 January 2009.
bHeld as ADSs.
cHeld as ADSs, except for 94 shares held as ordinary shares.
dIncludes 34,962 shares held as ADSs.
eOn retirement at 16 April 2009.
fOn retirement at 31 December 2009.
gOn appointment at 1 February 2010.
hOn appointment at 6 April 2009.
iOn appointment at 1 September 2009.
Directors’ interests
Change from
31 Dec 2009
Current directors At 31 Dec 2009 At 1 Jan 2009 to 18 Feb 2010
A Burgmans 10,156 10,000 –
C B Carroll 10,500b–
Sir William Castell 82,500 82,500 –
I C Conn 293,216a240,789a56,604
G David 39,000b9,000b–
E B Davis, Jr 76,497b73,185b–
D J Flint 15,000 15,000 –
Dr B E Grote 1,291,643c1,214,330c59,886
Dr A B Hayward 535,383 488,459 87,424
A G Inglis 259,163d226,175d49,476
Dr D S Julius 15,000 15,000 –
Sir Ian Prosser 16,301 16,301 –
Directors leaving the board At resignation/retirement At 1 Jan 2009
Sir Tom McKillop 20,000e20,000
P D Sutherland 30,906f30,906
Change from
31 Dec 2009
Directors joining the board At 31 Dec 2009 On appointment to 18 Feb 2010
P Anderson – 6,000b g –
R W Dudley 276,846 269,746b h –
C-H Svanberg ––
i750,000
The above figures indicate and include all the beneficial and non-beneficial
interests of each director of the company in shares of the company (or
calculated equivalents) that have been disclosed to the company under
the Disclosure and Transparency Rules as at the applicable dates.
Executive directors are also deemed to have an interest in such
shares of the company held from time to time by the BP Employee
Share Ownership Plan (No.2) to facilitate the operation of the company’s
option schemes.
No director has any interest in the preference shares or debentures
of the company or in the shares or loan stock of any subsidiary company.
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