BP 2010 Annual Report Download - page 96

Corporategovernance
Board and committee attendance
    Board Audit  Remuneration GulfofMexico Nomination Chairman’s
     committee SEEAC committee committee committee committee
    a b a b a b a b a b a b a b
Carl-HenricSvanberg 25 25         8c 8 8c
SirWilliamCastell 25 24   9c 9   9 6 8 8 8 8
PaulAnderson 23 21   8 8   9 9   7 7
Frank‘Skip’Bowman 2 2   1 1       1 1
AntonyBurgmans 25 19   9 8 6 6     8 7
CynthiaCarroll 25 19   9 7       8 6
GeorgeDavid 25 21 15 15   6 6 9 9   8 7
ErrollDavis,Jr 4 3 5 5 3 2       1 1
IanDavis  22 21 10 9   4 3 9c 9 4 1 7 7
DouglasFlint 25 25 15c14668
DeAnneJulius 25 23     6c 6   8 8 8 8
BrendanNelson 2 2 1 1
SirIanProsser 4 3 5 5   2 1   3 3 1 1
Executive directors:
BobDudley 25 25
IainConn  25 24
ByronGrote 25 25
TonyHayward 24 23
AndyInglis 23 23
aTotalnumberofmeetingsthedirectorwaseligibletoattend.
bTotalnumberofmeetingsthedirectordidattend.
cCommit teechairman.
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7
Board meetings and attendance
Aspartofitsforwardagenda,theboardnormallyplanstoholdoneofits
meetingsatthecompany’sofcesinWashingtonandatleastonemeeting
atornearoneofthecompany’soperationallocations(enablingthe
opportunityforboardsitevisits).In2010,theboardheldonemeetingin
Washingtonbutduetotheincreasednumberofmeetingsandassociated
constraintsontime,heldtheremainderofitsmeetingsinLondonorvia
teleconference.Atotalof25boardmeetingswereheldduringtheyear.
Membership of the BP plc board
Throughout2010Carl-HenricSvanberghasledtheboardaschairman.
SirWilliamCastellwasappointedseniorindependentdirectorinApril2010
followingtheretirementofSirIanProsserattheAGM.
Neitherthechairmannortheseniorindependentdirectoris
employedasexecutivesofthegroup.Theboardmaintainsasuccession
planforthechairmanandseniorindependentdirector,inadditiontothe
groupchiefexecutiveandseniormanagement.
Duringtheyear,therewereanumberofchangestotheboard:
• SirIanProsserandErrollDavis,JrretiredfromtheboardattheAGMin
April2010.
• Twonon-executivedirectorswereappointedpriortothe2010AGM:
PaulAndersoninFebruary2010andIanDavisinApril2010.
• DrTonyHaywardsteppeddownasgroupchiefexecutiveon1October
2010andlefttheboardon30November2010.
• AndyInglissteppeddownaschiefexecutive,Explorationand
Productionandasanexecutivedirectoroftheboardattheendof
October2010.
• Twofurthernon-executivedirectorswereappointedon8November
2010,Frank‘Skip’BowmanandBrendanNelson.
Inaddition,PhuthumaNhlekojoinedtheboardasanon-executivedirector
on1February2011.
AttheAGMinApril2011,DrDeAnneJulius(chairofthe
remunerationcommittee)andDouglasFlint(chairoftheauditcommittee)
willretirefromtheboard.Theircommitteechairroleswillbeassumedby
AntonyBurgmans(remuneration)andBrendanNelson(audit).
Theboardiscomposedofthechairman,11non-executivedirectorsand
threeexecutivedirectors.Theboardgovernanceprinciplesstatethatthe
numberofdirectorsshouldnotnormallyexceed16.Theboardhasdecided
thatitwillmaintainthecurrentlevelofexecutivedirectormembershipon
theboard,withreportingofexplorationandproductionactivitiesthat
werepreviouslyrepresentedbyAndyInglisnowbeingundertakenby
BobDudley.
Thechairman’scommitteereviewsthesystemsforsenior
executivedevelopmentanddeterminesthesuccessionplanforthe
groupchiefexecutive,executivedirectorsandotherseniormembersof
executivemanagement.
Thenominationcommitteeidenties,evaluatesandrecommends
candidatesforappointmentorreappointmentasnon-executivedirectors
andkeepsunderreviewthemixofknowledge,skillsandexperienceofthe
boardnecessarytoensureanorderlysuccession.GiventhesizeoftheBP
boardandtheneedtodeliverasteadyrefreshmentofboardappointments,
thecommitteehasdevelopedalongerterm‘pipeline’ofpotential
non-executivetalentonwhichitexpectstodrawastheneedfornew
appointmentsarises.
Director appointment, tenure and elections
Thechairmanandnon-executivedirectorsofBPserveonthebasisof
lettersofappointment.Non-executivesordinarilyretireattheAGM
followingtheir70thbirthday.Executivedirectorshaveservicecontracts
withthecompany,whichareexpressedtoretireatanormalretirementage
of60(subjecttoagediscrimination).
Detailsofallpaymentstodirectorsappearinthedirectors’
remunerationreport.
BPdoesnotplaceatermlimitonadirector’sserviceasthe
companyproposesallitsdirectorsforannualre-electionbyshareholders(a
practicewehavefollowedsince2004).Newboardmembersaresubjectto
electionbyshareholdersattherstAGMfollowingtheirappointment.The
chairmanandthenominationcommitteekeepthetenureofdirectorsunder
considerationaspartofacontinualreviewofboardskillsandbalance.
94BPAnnualReportandForm20-F2010