In this episode of Leadership Playbook, David Jackson, former Company Secretary of BP, joins Tom Gosling, Executive Fellow at the London Business School for a lively discussion on the topic. Using the example of oil and gas companies, David and Tom explore the role of the board versus the CEO when it comes to strategy development. They also consider board responsibilities around maximizing shareholder value balanced against environmental questions. Finally, they look at the role of shareholder preferences, board duties, and ethics, when it comes to ESG. David Jackson was Company Secretary of BP from 2003 to 2019. Tom Gosling is an Executive Fellow in the department of finance and part of The Leadership Institute at the London Business School. For more thought leadership and business insights from London Business School faculty and alumni, visit london.edu/think. Sign up to receive a curated selection of articles, podcasts and films direct to your inbox twice a month at london.edu/think/subscribe Follow us on social media: twitter.com/LBS linkedin.com/school/london-business-school facebook.com/LondonBusinessSchool