Describe the composition and characteristics of BP’s board of directors. What are the pros and cons of how BP’s board of directors is composed? Which aspects of BP’s corporate governance contributed to the safety lapses?

Case questions: Case 10: British Petroleum

1. Describe the composition and characteristics of BP’s board of directors. What are the pros and cons of how BP’s board of directors is composed?
2. Which aspects of BP’s corporate governance contributed to the safety lapses?
3. How should BP’s corporate governance be improved? Use the concepts to build your argument.