Follow TopicFollow Contributor Share Feedback
AMP Shareholders Reject Executive Compensation

AMP Shareholders Reject Executive Compensation

by Starling Insights

Starling Insights Editorial Board

Apr 13, 2023


Shareholders of AMP, one of Australia's largest retail and corporate pension providers, recently voted against the company's executive remuneration plan. They pointed to the firm's low share price, which has fallen by 75% following the Hayne Royal Commission's allegations of misconduct against the company.

Nearly 50% of shareholders voted against the remuneration plan, well exceeding the required threshold of 25% for an official strike. Under the Australian Securities Exchange "two-strike" rule, if shareholders were to vote against the plan again next year, it would trigger a vote for a board "spill" — where the board's directors must stand for reelection.

This content is available to paid Members of Starling Insights.

If you are a Member of Starling Insights, you can sign in below to access this item. 


If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform.  Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.

Join The Discussion

See something that doesn't look quite right?

We strive to provide high quality and accurate content at all times. With that said, we realize that sometimes links break, new information becomes available, or there is something that you feel we may have missed.

If you see something that you think we should be aware of, we would love to hear from you. Feel free to drop us a note below and leave your name and contact info if you'd like to hear back from us.

Thank you for being a key part of the Starling Insights community!