AMP chairwoman Catherine Brenner has quit amid the deepening scandal over the wealth giant’s misleading of the corporate watchdog.
Ms Brenner announced her resignation on Monday morning following a crisis meeting the previous night.
It comes less than two weeks after the resignation of the company’s CEO, Craig Meller.
Opposition finance spokesman Jim Chalmers said on Sunday Brenner should resign after the ‘horrible’ revelations coming out of the banking royal commission.
‘If board accountability is to mean anything, then I think the chair of the company should take responsibility and that means resigning,’ Dr Chalmers told Sky News on Sunday.
AMP could face criminal charges for misleading the Australian Securities and Investments Commission over charging clients fees for no advice service.
More to come.
AMP chairwoman Catherine Brenner has quit amid the deepening scandal over the wealth giant’s misleading of the corporate watchdog
Advertisement