Business
AMP (ASX:AMP) share price down, facing shareholder revolt this week
The AMP Limited (ASX: AMP) share price will be closely watched leading up to Friday’s annual general meeting (AGM). The embattled company is facing a second strike to its remuneration report.
At the time of writing, the AMP share price is 2% lower to $1.12.
Two strikes and it’s time to change
The news of a demerger and slowed decline rates in capital flows have not been enough to put a floor under the AMP share price. Instead, the financial services company has gained further attention from shareholders for some questionable remuneration plans.
At the AGM on Friday, the not-for-profit Australian Shareholders’ Association (ASA) will vote against the AMP remuneration report. This action follows ASA with other proxies and…
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