BP 2013 Annual Report Download - page 74

BP Annual Report and Form 20-F 201370
The implementation of this policy and the diversity mix of the board is
monitored through agreed metrics. The board also considered diversity as
part of the annual review of its performance and effectiveness.
The board is supportive of the recommendations contained in Lord Davies’
report Women on Boards for female board representation to increase to
15% by end 2013 and 25% by end 2015. Accordingly, the board set a goal
to increase the number of female board members by two (to a total of three
female directors) by the end of 2013. However, at the end of 2013 there
were two female directors on the board (equating to 14%). The nomination
committee has identified potential candidates with a diverse background
and it is anticipated that an appointment is likely to be made in 2014.
Board diversity
BP recognizes the importance of diversity, including gender diversity, at all
levels of the company as well as the board. The company is committed to
increasing diversity across our operations and has in place a wide range of
activities to support the development and promotion of talented
individuals, regardless of gender and ethnic background.
The board operates a diversity policy which aims to promote diversity in
the composition of the board. Under this policy, director appointments are
evaluated against the existing balance of skills, knowledge and experience
on the board, with directors asked to be mindful of diversity, inclusiveness
and meritocracy considerations when examining nominations to the board.
Board and committee attendance in 2013
Board Audit committee SEEAC
Remuneration
committee
Gulf of Mexico
committee
Nomination
committee
Chairman’s
committee
A B A* BA* B A B A B A B A B
Non-executive
directors
Carl-Henric Svanberg 11 11 4c4 6c6
Paul Anderson111 11 7c713 12 4 4 6 6
Frank Bowman 11 11 7 7 13 13 6 6
Antony Burgmans 11 11 7 7 6c6 4 3 6 6
Cynthia Carroll211 11 7 7 4 4 6 5
George David311 11 12 12 6 6 13 12 6 5
Ian Davis411 11 6 5 13c13 4 3 6 5
Ann Dowling 11 11 7 7 6 6 6 6
Brendan Nelson511 10 12c12 4 4 6 6
Phuthuma Nhleko611 10 12 12 6 5
Andrew Shilston711 912 11 6 6
Executive directors
Bob Dudley 11 11
Iain Conn 11 11
Brian Gilvary 11 11
Byron Grote 5 5
A = Total number of meetings the director was eligible to attend.
B = Total number of meetings the director did attend.
C Committee chairman.
* Includes a joint Audit Committee-SEEAC meeting to review BP’s system of internal control and risk management.
1 Paul Anderson was unable to attend the Gulf of Mexico committee meeting on 25 September 2013 due to a late change in the timing of the meeting.
2 Cynthia Carroll was unable to attend the chairman’s committee on 5 December 2013 due to personal commitments.
3 George David was unable to attend the Gulf of Mexico committee meeting on 8 March 2013 due to a clash with travel arrangements; he was unable to attend the chairman’s committee meeting on
24 July 2013 due to a late change in the timing of the meeting.
4 Ian Davis was unable to attend the meetings of the nomination and remuneration committees on 24 July 2013 due to a conflicting board meeting.
5 Brendan Nelson attended all scheduled board meetings in 2013, however he was unable to attend the board teleconference on 21 February 2013 that was called at short notice due to a prior
commitment with the Royal Bank of Scotland plc.
6 Phuthuma Nhleko was unable to attend the chairman’s committee meeting on 24 July 2013 and the board meeting on 25 July 2013 due to unforeseen urgent family commitments.
7 Andrew Shilston attended all scheduled board meetings in 2013, however he was unable to attend the two board teleconferences called at short notice on 16 January 2013 and 21 February 2013 due to
prior commitments; he was unable to attend the audit committee meeting on 28 October 2013 due to major storms in the UK disrupting travel.
1
1
2
2
Independence
Gender
1. Female directors
14%
2. Male directors
86%
1. Executive directors
21%
2. Non-executive directors
79%
Board diversity as at 31 December 2013
1
2
3
4Geographic background
1. UK 43%
2. US 36%
3. Europe excluding UK 14%
4. Rest of world 7%
1
2
4
3
Non-executive director tenure
1. Less than 3 years
27%
2. 3-6 years
55%
3. 6-9 years 9%
9%
4. More than 9 years