cba bids $7.85 for amp, page-10

I'm still not too convinced. With connections I have at CBA this is merely chinese whispers. In any event i'm definitely holding till further notice...

As for the new appointments what I'm referring to was announced earlier:


AMP announces new Directors
AMP Limited Chairman Peter Willcox today announced the appointment of two
Directors to the Board.
AMP has appointed Dr Nora Scheinkestel, who will commence 1 September
2003, and Peter Mason, who will commence 20 October 2003.
Mr Willcox said: “I am delighted that Nora and Peter will join the AMP Board,
following the appointments of Pat Handley and Meredith Hellicar earlier this year.
“AMP’s Board has undergone considerable renewal this year as part of the new
direction of the company and the two appointments complete the rebuilding of
the AMP Board, following the restructuring announced in February 2003.
“The personal qualities and experience that Nora and Peter will bring to the AMP
Board as we master the challenges of building a new AMP will be invaluable.”
Dr Scheinkestel is currently a Director of two publicly listed companies, Newcrest
Mining Ltd and PaperlinX Ltd, is Chairman of a water utility and sits on the
Boards of other Government bodies. She was formerly a senior banking
executive in international and project financing, currently runs her own consulting
business and is an Associate Professor at Melbourne Business School.
Mr Mason is well known in Australian investment markets. With more than 30
years investment banking experience, he is currently Chairman of the JP Morgan
Chase Bank group in Australia. He was previously a Director of the Lloyds
Banking group investment banking businesses in Australia and the United
Kingdom, Chairman and Joint Chief Executive of Schroders Australia Limited,
and Group Managing Director of the Schroders investment banking businesses
in the Asia Pacific region. He is also currently a Director of Mayne Group
Limited.

Resumes for Dr Scheinkestel and Mr Mason are attached.
After the appointment of these Directors, the AMP Limited Board will comprise
seven non-executive and two executive Directors. Seven of these nine Directors
will have been appointed within the past 12 months.
All Directors were elected by shareholders at the Annual General Meeting (AGM)
in May 2003, with the exception of the two appointments announced today. Dr
Scheinkestel and Mr Mason will stand for election at the next AGM in 2004.