Just a little over two years after David Murray's appointment as chairman AMP's management faces more upheaval,and questions around the company's culture remain unanswered.
The stopwatch started ticking for the AMP board last Thursday when the company’s largest shareholder gave David Murray and Francesco De Ferrari an ultimatum.
AMP's revival plan has split analysts and investors.
It was supposed to be the beginning of a new future for AMP after the royal commission but instead the sale of its life insurance business has become a quagmire.
By the time shareholders had taken their seats at the annual general meeting,the value of their stock had fallen 5 per cent.
Dumping the chairman would precipitate a fresh crisis for the beleaguered wealth giant.
AMP's profit warning disappointments market as shares skid to near-record low.
Wealth giant AMP's chairman David Murray said it could distort funds'investment decisions at the cost of members'retirement savings in the long-term.
Top of the list for suffering shareholders is to hear new CEO's plans for asset sale returns.
Robyn Denholm's Telstra remuneration totalled $2 million last year,her Tesla options from 2014 and 2015 would be worth 13 times that.
Banks scandals cost four former Commonwealth bank executives forfeited unvested long term incentives that were worth up to $30 million.