Australia's AMP Ltd <AMP.AX> on Friday said more than two-thirds of shareholders who voted at its annual general meeting opposed a resolution on executive pay.
The country's biggest wealth manager said 67.25% of all votes cast at the AGM were against its remuneration report, a result that comes after the company in February increased Chief Executive Francesco De Ferrari's short-term incentive to a whopping 200% of his base salary.
(Reporting by Shashwat Awasthi in Bengaluru; Editing by Shri Navaratnam)
