Business
AMP’s Boe Pahari ‘paid price’ for misconduct: ISS – Sydney Morning Herald
Influential proxy adviser Vas Kolesnikoff says the bigger issue for shareholders in AMP’s remuneration report is the use of retention payments totalling almost…
AMPs remuneration committee chair Michael Sammells said the group had spent the past year engaging with shareholders to make a number of key changes to its remuneration framework, including reducing the chairs fee from $850,000 to $660,000.
AMP also undershot on financial performance, with net profit after tax significantly below plan at $295 million, which fed into the decision to withhold bonuses.
Mr Kolesnikoff said AMPs share price was at historic lows and there would likely be investor push-back…
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