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‘Too late’: AMP shareholders not satisfied with scalps – The Australian Financial Review

The powerful Australian Council of Superannuation Investors said AMP’s response to concerns about sexual harassment had been ‘inadequate’.

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“The original unanimous decision by the board to promote Mr Pahari and the subsequent handling of this issue reveals serious governance and cultural issues at the highest levels of the company,” Ms Blakey told The Australian Financial Review.
She said it was concerning that the intervention of shareholders and threat of an extraordinary general meeting were required before “appropriate board accountability” and a backdown on the Pahari promotion occurred.
Louise Davidson, of the powerful Austr…

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