After a successful decade of more women joining Australia’s biggest company boards,the push is now on for greater gender parity in senior management ranks.
A small group of powerful men,and increasingly women,dominate the boards of Australia’s biggest companies. And some fear the group is too small.
Chief executives from the country’s largest employers have ruled out introducing workplace policies to mandate vaccinations against COVID-19,rather opting to “strongly encourage” their staff to get the jab.
AMP’s newly appointed chief executive Alexis George wants to make meeting with frontline staff a regular fixture in her hands-on approaching to turning around the 172-year-old company’s battered reputation.
Investors in AMP Capital’s managed office fund have been given a $575 million windfall with the sale of its stake in the skyscraper at 200 George St,Sydney.
The action comes just two weeks after the Australian Securities and Investments Commission said it had finalised its investigation into AMP’s financial planning business.
AMP emerged as one of the worst performers in the royal commission,charging dead customers and misleading the regulator. Now,it has launched a new approach to financial advice it says signals a new era.
The corporate watchdog has ruled out criminal action against the wealth manager over one of the biggest scandals uncovered at the banking royal commission.
Analysts are warning the Sydney lockdown will shrink the national economy and could leave thousands more unemployed,with some predicting the restrictions will be extended further.
AMP Capital has entered into a binding agreement with Macquarie Asset Management to offload its global equities and fixed income business.
AMP’s bank and wealth business is headed for a restructure that will shrink its workforce by around 20 per cent over the next year,saving $300 million.