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 2019 corporate governance statement forms part of the AMP 2019 annual reporting suite of documents which are available online at amp2019.reportonline.com.au
AMP Limited Board charter
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.
The current AMP Limited constitution was adopted by shareholders on 10 May 2012. The constitution outlines the rules for governing the company, including provisions dealing with the roles of the board of directors and shareholders.
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.
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.
Within the Enterprise Risk Management Policy, we outline the risk management principles we have adopted, with the intention to deliver sustainable growth, protect our business and our customers’, shareholders’ and employees’ interests, and meet our legal and regulatory obligations.
The purpose of this policy is to ensure that the alignment between employee and shareholder interests is not undermined by the use of hedging arrangements over the restricted shares, share rights, share bonus rights, options or performance rights held by employees in any of AMP’s equity incentive plans.
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.
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.
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 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.
AMP expects directors and employees of the company to act with integrity and honesty at all times.
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.
Our separate hedging policy 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.
The board of directors of AMP Limited and Group Leadership Team are committed to a whistleblower program that encourages, protects and supports responsible reporting of wrongdoing, including fraud, corrupt conduct, questionable accounting and inappropriate workplace behaviour.
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:
- A dedicated hotline: 1300 790 228 (Australia) or 0800 123 508 (New Zealand)
- Email to firstname.lastname@example.org
- Online at www.yourcall.com.au/report using AMP1849 as the organisation ID
- Mail to Locked Mail Bag 7777, Malvern VIC 3144 Australia
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.