Sources say there was speculation about Bernard Looney’s relationships at the firm long before he became chief executive
BP’s board of directors faces questions over what it knew about former chief executive Bernard Looney’s personal relationships with colleagues after his shock resignation on Tuesday night., and more than two decades with the company, amid an ongoing investigation into allegations that he had engaged in personal relationships with colleagues that were not disclosed to the board.
Since then, further allegations have come to light, according to BP, and the company began a further investigation into the new claims with the assistance of external legal help. In response, Looney told the company that “he was not fully transparent in his previous disclosures” and he accepted that they ought to have been more complete, according to the company.
Another said: “What we have to remember is that he didn’t join BP a few years ago. He has been with the company his entire working life. They know him. Ultimately, this is about a corporate culture and BP’s corporate governance.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘I deplore it’: Bernard Tapie’s family oppose Netflix series about tycoonRelatives of the businessman, who was also a cabinet minister, singer and actor, have criticised the streaming service
Read more »
BP boss Bernard Looney to resign after failing to reveal ties with colleaguesCompany says he only disclosed ‘a small number of historical relationships prior to becoming CEO’
Read more »
Bob Katter slams Qantas board as ‘slithering Sydney suits’Katter’s Australian Party MP Bob Katter says he will be moving for an inquiry into the Qantas board. “These people that are the slithering Sydney suits that control the share market are corporations in Australia,” Mr Katter told Sky News Australia. He said both the BHP and Qantas boards have been known to appoint CEOs who “are not Australian”. “I have a particular interest here because amongst the first two or three hundred investors in Qantas was my family. “We lost a lot of money, but we didn’t lose money – we invested that money in providing a service for people of outback Australia.”
Read more »
Luxury cruise ship with 206 on board runs aground in Greenland ArcticThe closest vessel that can help with the rescue is not expected in the remote area for days.
Read more »
Luxury cruise ship with 206 on board runs aground in Greenland ArcticThe closest vessel that can help with the rescue is not expected in the remote area for days.
Read more »
Luxury cruise ship with 206 on board runs aground in Greenland ArcticThe closest vessel that can help with the rescue is not expected in the remote area for days.
Read more »