The AMP board is facing a testing time as the shareholders and the market seek stability following the surprise resignation of chairman Simon McKeon, who departs after only two years as chair after the company's annual general meeting on May 12. McKeon's exit, citing "changed circumstances", will bring to three the number of departure who have left AMP since December.
The chairman's mysterious departure, combined with the churn on the board, can create perceptions of governance issues, some experts say.
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Joanne Gray is Managing editor of The Australian Financial Review. She was formerly its opinion editor, features editor, banking & finance editor, Washington correspondent and BOSS magazine editor. Connect with Joanne on Twitter. Email Joanne at jgray@afr.com
Ruth Liew writes on business specialising in Insurance, wealth management and financial services. Ruth is based in our Sydney newsroom. Connect with Ruth on Twitter.
