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AMP directors resign after ASA pressure

Two of three AMP directors standing for re-election at the firm's AGM will resign, with the company's longest-serving director to follow them out the door.

Two of the three AMP directors standing for re-election at this week's annual general meeting have decided to resign, with the company's longest-serving director to follow.

The Australian Shareholders' Association had said it would vote against the re-election of Vanessa Wallace and Holly Kramer following damaging revelations about AMP at the banking royal commission, but both will now step down before Thursday's annual general meeting.

Andrew Harmos will still stand for re-election despite the ASA's intention to oppose him, while Patty Akopiantz will end her seven plus-year stint on the board by the end of 2018.


1 min read

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Source: AAP


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