AMP Limited Board and Committees
The AMP Limited Board charter adopted by the board of directors of AMP outlines the roles and responsibilities of the board of directors and the management team and operates in conjunction with the AMP constitution and relevant laws.
Board composition
The current composition of the Board is as follows:
- Mike Hirst – Chair and Independent Non-Executive Director
- Alexis George – Managing Director and Chief Executive Officer
- Kathleen Bailey-Lord – Independent Non-Executive Director
- Andrew Best – Independent Non-Executive Director
- Rahoul Chowdry - Independent Non-Executive Director
- Anna Leibel - Independent Non-Executive Director
- Michael Sammells - Independent Non-Executive Director
- Andrea Slattery - Independent Non-Executive Director
To learn more about the Directors’ individual experience and qualifications, view our Board and Management page.
Board committees
The AMP Limited Board has established four permanent committees to assist the board in the execution of its responsibilities. The permanent committees are the Audit, Nomination, Remuneration and Risk and Compliance Committees. From time to time the board may also establish other ad hoc committees. The board’s committees focus on different areas, considering issues, making recommendations and taking action as necessary.
Responsible for:
- overseeing the integrity of the financial statements
- reviewing the effectiveness of AMP’s risk management framework
- endorsing the appointment of the Director, Internal Audit and the external auditor
- monitoring the performance, adequacy and independence of the external and internal audit functions
Responsible for:
- reviewing the composition of the board and the boards of the main subsidiaries
- overseeing succession planning for the board and the boards of the main subsidiaries
- planning board, committee and director performance review planning
Responsible for:
- reviewing and endorsing the remuneration arrangements for certain executives and non-executive directors
- monitoring the effectiveness of AMP’s strategies for executive succession, talent management and diversity
- endorsing AMP’s remuneration policy
- reviewing or approving matters relating to AMP’s key incentive plans
Responsible for:
- overseeing the implementation and operation of AMP’s enterprise risk management framework
- monitoring and reviewing AMP’s risk culture
- approving material risk management and compliance policies
- endorsing AMP’s risk management strategy and risk appetite statement
- endorsing the appointment of the chief risk officer
Current membership of each Board committee is as follows:
| AMP Limited Board | Audit committee | Nomination committee | Remuneration committee | Risk and compliance committee |
| Mike Hirst (Board Chair) | - | Chair | Member | Member |
| Kathleen Bailey-Lord | - | Member | Chair | - |
| Andrew Best | - | Member | Member | Chair |
| Rahoul Chowdry | Chair | Member | - | Member |
| Anna Leibel | - | Member | - | Member |
| Michael Sammells | Member | Member | Member | - |
| Andrea Slattery | Member | Member | - | Member |
Our constitution
The AMP Limited constitution outlines the rules for governing the company, including provisions dealing with the roles of the board of directors and shareholders.
Corporate governance statement
Each year AMP issues a corporate governance statement. The statement sets out the corporate governance framework adopted by the board and outlines AMP's governance arrangements over the last financial year.
The corporate governance statement forms part of the AMP annual reporting suite of documents.
Corporate policies and statements
| Title | Download |
Code of conduct For AMP, doing the right thing by the people who depend on us is more than a legal and ethical obligation. It’s an essential part of who we are. Our code of conduct sets out the behaviour we expect of everyone who represents AMP. The code is supported by our employee policies, which govern the way we operate to best serve our customers and business and meet our legal and regulatory obligations. |
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| Supplier Code of practice External suppliers play an important role in helping the AMP group achieve its business objectives and meet community expectations. Suppliers need to adhere to values that are consistent with AMP’s own policies and standards. The purpose of this Supplier Code of Practice is to communicate AMP’s policies and standards as they relate to our dealings with suppliers. |
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| Inclusion and diversity policy AMP is committed to providing an inclusive and diverse working environment where high performing people choose to work. We believe an inclusive and diverse workplace delivers better results for our shareholders, customers, employees, business partners and communities. |
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| Market disclosure policy We are committed to ensuring our shareholders receive clear, transparent and timely information about our business. Our market disclosure policy outlines the processes we have in place to ensure we provide all shareholders with equal and timely access to material information about AMP. |
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Political donations AMP does not make donations for political purposes, but we pay to attend events that have been organised by political parties, such as party conferences to allow for discussion on major policy issues with key opinion leaders and policy makers. We believe this debate makes a valuable contribution to the development of public policy and is therefore of benefit to the Australian community and our customers. AMP publicly declares contributions to political parties consistent with the requirements of the Australian Electoral Act. |
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Trading policy Our trading policy outlines rules for directors, senior executives, other specified employees and their close associates for trading in AMP securities. The policy is designed to protect the interests of all AMP shareholders and to ensure that directors, employees and their close associates comply with the law when trading in AMP securities. This policy also provides that directors, senior executives and other specified employees who participate in our equity incentives plans may not use any form of hedging arrangement in relation to AMP shares or rights to shares. |
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Whistleblowing policy Professionalism, honesty and integrity are core to our culture. In a business like ours, everything we do needs to be measured against the highest possible standards. This is more than a legal obligation – it is a fundamental part of who we are and our culture of integrity, help and performance. With our commitment to reporting wrongdoing, we will continue to build a supportive work environment, which aligns with our values. Whether you are a current employee, work with AMP as a contractor or supplier, or are a former employee, if you become aware of wrongdoing, we want to know about it. Don’t ignore it. Your commitment can help prevent loss and harm caused by unethical, illegal and irresponsible acts. You can make a difference by getting involved and doing what is right. If you don’t feel comfortable or safe reporting wrongdoing to your leader or to the People & Culture Advice Line (for AMP employees), you can make a confidential and anonymous report to Your Call. Your Call is an external and independent provider who will bring your information or concerns to our prompt attention, while keeping your information and identity confidential. Contact Your Call via:
If you are deaf, or have a hearing or speech impairment, you can contact Your Call online or through the National Relay Service (Australia only). Simply choose your contact method at www.relayservice.gov.au and request Your Call’s hotline 1300 790 228. |
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Anti-bribery and corruption policy AMP has no tolerance for bribery and corruption by any officer, employee, aligned adviser (authorised representative), temporary agency staff, agent, contractor, subsidiary or controlled entity of the AMP Group, or a person that otherwise performs services for or on behalf of AMP. |
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| Workplace Health, Safety and Wellbeing Global Policy AMP is committed to providing a work environment that supports and maintains optimal physical and psychological health, safety and wellbeing of our people. |
View our Workplace Health Safety and Wellbeing Global Policy |
Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) What are Anti-Money Laundering laws? What is money laundering? What is terrorist financing? What do these laws set out do? AMP reviews and updates its Program at least every two years and material amendments to the Program are approved by the Risk and Compliance Committee of the AMP Limited Board. Records of the Program and other AML/CTF related documents are retained for at least 7 years. An independent assessment of the program, including monitoring procedures is carried out at least every 3 years. What are the requirements of the legislation? For non-face to face verification we will ask you to provide us with a “wet-ink” certified copy of your identification documents or you can provide consent for us to conduct an electronic verification of your identity.identification, monitoring and periodical review of political exposed persons (PEP). A PEP is a person who holds a prominent public position or function in a government body or an international organisation, or is an immediate family member or close associate of such a person.senior management sign-off of PEP customers or other customers from countries, businesses or with products with the greatest risk of money laundering or terrorism financing. What are the products and services covered by the laws? How will AMP safeguard information? |
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| Positive Duty Leadership Statement The AMP Limited Board is committed to creating a safe, respectful, and inclusive workplace environment, consistent with AMP’s purpose and values. |
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| Risk Management AMP’s risk management framework governs the management of risk across AMP group and embeds risk management into decision making to support AMP’s risk culture. The framework includes risk governance roles and responsibilities, risk appetite and strategy, and the risk processes and systems that support identification, assessment, actions, treatment, outcomes and reporting of risks. |
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