BP's ousted chairman Albert Manifold disputes accusations over his conduct

BP's board removed former Chairman Albert Manifold over "serious concerns" related to governance standards, oversight and conduct, and he said the move came "without warning and without explanation." The development raises governance and leadership questions at BP, but the article provides no operational or financial figures. Market impact is likely limited unless further details emerge.

Analysis

BP's board removed former Chairman Albert Manifold over "serious concerns" related to governance standards, oversight and conduct, and he said the move came "without warning and without explanation." The development raises governance and leadership questions at BP, but the article provides no operational or financial figures. Market impact is likely limited unless further details emerge.