AMP (ASX:AMP) narrowly avoids second strike on remuneration

If there’s one thing shareholders hate, it’s seeing leadership dish out big dollars while the company underperforms. AMP Ltd (ASX: AMP) has been in the firing line for this very issue for years, with today’s annual general meeting (AGM) bringing it front and centre.

At the time of writing, the AMP share price is 2% lower to $1.11 a share. 

Aside from discussing turnaround plans, the main focus of the AGM was whether the remuneration report would pass on shareholder’s votes.

A win for AMP, kind of

We reported on the potential for AMP to face a shareholder revolt earlier in the week. As the AMP share price continues to decline on less-than-optimal performance, the Australian Shareholders’ Association (ASA), along with…