Three AMP directors resign

amp/Banking-Royal-Commission/departure/

8 May 2018
| By Mike |
image
image
expand image

Three AMP Limited non-executive directors have resigned ahead of this week’s company annual general meeting.

AMP announced to the Australian Securities Exchange (ASX) today that Vanessa Wallace and Holly Kramer would step down ahead of the meeting alongside the company’s longest-serving director, Patty Akopiantz who had offered to step down and service to the end of 2018.

The company said Wallace had also resigned as chairman of AMP Capital Holdings Limited with the effective date to be confirmed following a brief period of transition.

Confirming the resignations, AMP interim executive chairman, Mike Wilkins said the company’s shareholders had been demanding board accountability and needed to know that meaningful change was underway.

The announcement said AMP had confirmed a resolution for the election of Andrew Harmos as a non-executive director remained in place to be voted on at the AGM.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS