BP chairman ousting: A failure of 'tone at the top' or a triumph of good governance?

The speed at which a major oil company has fired its chairman over allegations of bullying and aggressive behavior may be viewed as a triumph of ethical policies—and a failure of the “tone at the top”, say experts.

On May 26, BP’s board announced that it had “unanimously decided” that Albert Manifold “should no longer serve as chair and director with immediate effect,” following “serious concerns raised to the board related to important governance standards, oversight, and conduct.”