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AMP shareholders vote down resolution on executive pay at AGM

Published 08/05/2020, 01:50 pm
Updated 08/05/2020, 01:54 pm
© Reuters.
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May 8 (Reuters) - Australia's AMP Ltd AMP.AX on Friday said more than two-thirds of shareholders who voted at its annual general meeting opposed a resolution on executive pay.

The country's biggest wealth manager said 67.25% of all votes cast at the AGM were against its remuneration report, a result that comes after the company in February increased Chief Executive Francesco De Ferrari (NYSE:RACE)'s short-term incentive to a whopping 200% of his base salary.

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