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ASA to vote against two AMP directors

At the AMP AGM on 10 May, 3 directors are up for election and ASA will vote against 2 of them. Both Holly Kramer and Vanessa Wallace were on the AMP Board when there was the delay in reporting breaches to ASIC and the alleged interference with the independent report took place. ASA will decide on the day of the AGM whether to vote for or against the third director, Andrew Harmos. ASA believes that the Chairman Catherine Brenner’s position is untenable and she should either resign immediately or step down until such time as the independent investigation has taken place.  

We'll also vote against the remuneration report.

For more information please read our:

AMP AGM Voting intention - AMP board, where is the accountability?
Media release - ASA to vote proxies at AMP AGM 
Media mentions - Banking royal commission, Shareholder storm and more

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