0:00
It doesn't happen very often where a big
0:02
company will lose a shareholder vote,
0:04
but BP lost not one but two shareholder
0:07
votes. One on a plan to scrap its
0:10
climate reporting, which a number of
0:12
major shareholders were not especially
0:13
happy with, and a second one to cancel
0:17
its in-person shareholder meetings,
0:19
which again shareholders said no, thank
0:21
you. This is a big another big test for
0:23
BP because they can't have another a
0:25
FTSE whoopsie. They need to make sure
0:27
that shareholders are on board with
0:29
this. It's also a sign of a
0:31
shareholder might on the FTSE. It's not
0:34
the case that companies can just pass
0:36
any motion they want and get away with
0:38
it. There are some big active
0:41
in the market who are prepared to vote
0:43
things down when they want to.
