Retail army wants to block Catherine Brenner’s Scentre seat

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Former AMP chairman Catherine Brenner’s return to bluechip company boards is already facing hurdles.

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is already facing hurdles as the retail shareholders proxy house suggested it intends to try to block her election to the ASX-listed Scentre Group.

Ms Brenner resigned from the AMP board shortly after the company was accused of misleading the regulator over its fees-for-no-service issue. A supposedly independent report on the matter, destined for the Australian Securities and Investments Commission, was the subject of intense back-and-forth between the contracted investigator and AMP management, including Ms Brenner.The fees-for-no-service remediation bill, across a number of separate issues, ended up running into the hundreds of millions.

However, the Scentre appointment would mark a return to the high-profile bluechip directors’ club after Ms Brenner was in late 2020, ending 2½ years in limbo. “We consider the entire AMP board ‘failed to act with the clarity and purpose we expect’ during the period leading up to Brenner’s resignation,” Ms Waterhouse said.

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Her track record at AMP speaks for itself. Who would want someone who oversaw that disasterous share price performance and corporate cultural negligence?

She is almost as bad as her successor.

Are there no other people who are qualified to be company directors?

But there's plenty died of covid to change fees to I've heard about

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