Three AMP directors resign
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.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
