Our corporate governance
We have a responsibility to all our stakeholders, including shareholders, customers, employees, the community and the environment. The board places great importance on maintaining the highest standards of governance and continually reviews its governance practices to address AMP’s obligations as a responsible corporate citizen.
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 the work undertaken by the board and its committees over the past financial year.
Corporate governance charter
The corporate governance charter adopted by the board of directors of AMP Limited is designed to promote the highest standard of corporate governance across the AMP group. The charter 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.
The current AMP Limited constitution was adopted by shareholders on 10 May 2012. The constitution outlines the rules and principles for governing our business.
Inclusion and Diversity PolicyShow more
AMP is committed to providing a diverse and inclusive working environment where high performing people choose to work. We believe a diverse and inclusive workplace will build a culture where diversity of thought is a competitive advantage, people and their ideas are respected, innovation is fostered and superior results are delivered for employees, customers, shareholders and communities.
Enterprise risk management policyShow more
In order to meet AMP’s strategic objectives and deliver sustainable growth in earnings and shareholder value we need to take considered risks. Our enterprise risk management policy outlines the components of the risk management framework which have been established to ensure all risks are managed effectively to meet the reasonable expectations of key stakeholders and safeguard AMP’s reputation and capital.
Environment policyShow more
AMP is committed to creating shared value with the communities in which we operate and to working to build a more sustainable future. We are committed to finding ways to improve environmental performance, maximise resource efficiency and minimise our environmental impact.
Hedging of long-term incentives policyShow more
AMP's places great importance on maintaining the highest standard of corporate governance and believes in the importance of fair trading in its securities (including shares, options and performance rights). AMP employees are not allowed to use any form of hedging arrangement in relation to AMP shares.
Political donationsShow more
AMP adopts a bi-partisan approach to politics and actively engages in conversations with the government, the opposition, backbenchers and local communities about contemporary and future financial issues and opportunities. AMP provides funding to The Menzies and Chifley Research Centres to support research into significant public policy issues in Australia. AMP also pays fees to attend events organised by political parties where those events allow for discussion on major policy issues with key opinion leaders and policy makers. We do this as part of our contribution to the development of public policy for the benefit of the Australian community and our customers. AMP publicly declares all contributions to political parties consistent with the requirements of the Australian Electoral Commission (AEC). AMP generally does not make donations for political purposes. In 2015, AMP contributed $11,000 to the Menzies Research Centre and $20,000 to the Chifley Research Centre for public policy research. AMP also paid $22,650 to attend Liberal Party policy briefings, conferences and dinners, $11,500 for Federal Labor Business Forum Membership and $500 to attend the Federal Budget Reply Dinner.
Trading policyShow more
AMP expects directors and employees of the company to act with integrity and honesty at all times. The AMP trading policy sets out our policy regarding the trading of AMP securities by directors and employees.
The AMP trading policy aims to:
- protect stakeholders’ interests at all times
- ensure that directors and employees do not use any inside information they possess for their or someone else's personal advantage, or to a client's or to AMP’s detriment, and
- ensure that directors and employees comply with the insider trading provisions of the Corporations Act.
Whistleblowing policyShow more
As part of AMP's corporate governance practices and drive to maintain an open and honest culture, a 'whistleblowing' policy has been developed that encourages employees, contractors, officers, agents and Authorised Representatives to raise concerns on unacceptable and unethical conduct by establishing an objective, independent and confidential process for reporting and investigating actual, suspected or anticipated improprieties. Employees are encouraged in the first instance to raise matters of Reportable Conduct with their Team Leader, Manager, Human Resources or with Group Risk Management.
If you have a concern or complaint about a product or service, please contact your Authorised Representative or contact us directly. Our Customer Service Officers are available to answer your enquiries and complaints. Please refer to the following AMP website for links to the AMP Financial Services Guides (FSG), which explains our internal and external complaints handling procedures.
Nomination & Governance CommitteeShow more
- composition of the board and the boards of the key subsidiaries
- succession planning for the board and the boards of the key subsidiaries
- board, committee and director performance review planning
- non-executive director remuneration
People and Remuneration CommitteeShow more
- effectiveness, integrity and legal compliance of remuneration programs
- total remuneration packages, performance objectives and performance of the CEO, the AMP management team and other employees whose activities could affect AMP's financial soundness
- succession planning and talent management
- AMP's diversity strategy
Risk CommitteeShow more
- appointment of chief risk officer
- maintaining a sound risk culture
- managing our current and future risk position relative to our risk appetite and capital strength
- effectiveness and integrity of the enterprise risk management framework
View the Risk Committee terms of reference
|Audit Committee||Nomination Committee||People and remuneration Committee||Risk Committee|
|Chair||Geoff Roberts||Catherine Brenner||Patty Akopiantz||Peter Shergold|
|Terms of reference||Audit Committee Terms of Reference||Nomination Committee Terms of Reference||People and Remuneration Committee Terms of Reference||Risk Committee Terms of Reference|
Trustee detailsShow more
AMP Superannuation Limited ABN 31 008 414 104 is the trustee of the following registrable superannuation entities (RSEs):
- AMP Superannuation Savings Trust (SST)
- AMP Eligible Rollover Fund (ERF)
- AMP Retirement Trust (ART).
Important informationShow more
All information on this website is subject to change without notice.