SYDNEY: Australia's most prominent retail shareholder group said on Wednesday it will vote against AMP Ltd's executive pay proposals for a second straight year, adding to pressure on the board of the country's largest listed wealth manager.
Still, the announcement by the Australian Shareholder's Association about the protest vote at the AGM comes at an unwelcome time for AMP, which is trying to rebuild its brand following serious revelations of misconduct at a sector inquiry. "The failure to seek shareholder approval of the sale of the life business also provided little comfort," it said.Channel NewsAsia - Sentifi topic widget
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