AMP shareholders block the 2019 remuneration report | Sky News Australia

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AMP has been forced to defend its plans for executive pay after frustrated shareholders moved to block the company’s 2019 remuneration report.

The Finance Giant’s report has been voted down by a 67 percent majority at the company’s annual general meeting.

The report stated the AMP’s Chief executive officer had been paid approximately four million dollars in 2019, despite the bank recording a four year net loss of 2.5 billion dollars in February.

 

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