AMP investors last year voted overwhelmingly against its executive pay plans in the wake of damaging revelations of board-level misconduct, setting the firm up for a possible board shake-up if a significant protest vote is repeated this year.However, large institutional investors and governance advisers have flagged they intend to support the company's resolutions at its annual general meeting on May 2, given that a board ouster would only add to the instability of the company.
The fundies will definitely support it...they have more money invested than any of us here. For sure they want a stability.
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