AMP has been spared a second strike and potential board spill over executive pay after its shareholders voted in favour of the wealth manager's remuneration report.
More than 89 cent of shareholders at Thursday's annual general meeting in Sydney supported the report, which was overhauled along with the AMP board after 61 per cent votes last year were cast against executive pay.
The report, which scrapped short-term cash bonuses and cut directors fees, was approved by 89.41 per cent of shareholders.
Just 10.49 per cent of votes went against it.
If more than 25 per cent of votes are cast against a remuneration report for two years in a row, a company must hold a vote on whether to spill the board.
Shareholders also approved the appointment of David Murray, John Fraser, John O'Sullivan and Andrea Slattery to the AMP board.
Mr Fraser, Mr O'Sullivan and Ms Slattery were all voted in by an overwhelming majority of voters, while 87 per cent of shareholders approved the appointment of former Commonwealth Bank chief executive David Murray to the board.
At 1447 AEST, AMP shares were down 7.5 cents, or 3.25 per cent, to $2.235.
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