You have3 free articles left this month.
Register for a free account to access unlimited free content.
You have 3 free articles left this month.
Register for a free account to access unlimited free content.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo

Powered by MOMENTUM MEDIA

Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career

K&W Mallesons gets AMP governance gig amid royal commission scandal

Financial institution AMP has announced it will appoint King & Wood Mallesons to assist with a review of governance issues uncovered by the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

user iconAleks Vickovich 20 April 2018 Big Law
expand image

Earlier this week AMP was castigated at the royal commission for admitting to at least 20 false and misleading statements made to the Australian Securities and Investment Commission over a seven-year period.

Today the listed financial services giant has announced it will establish a committee to review the admitted misconduct, with King & Wood Mallesons appointed to advise the committee as external counsel.

The appointment follows the royal commission questioning the independence of a review previously conducted for AMP by rival firm Clayton Utz.

AMP has also announced that its group general counsel Brian Salter will be taking a leave of absence while the review is underway, with AMP lawyer David Cullen taking the reins. 

During royal commission proceedings, Mr Salter was named as a key figure in the drafting of misleading statements. 

AMP has announced that CEO Craig Meller will resign effective immediately in wake of the royal commission scandal. 

Comments (0)
    Avatar
    Attach images by dragging & dropping or by selecting them.
    The maximum file size for uploads is MB. Only files are allowed.
     
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    Posting as
    You need to be a member to post comments. Become a member for free today!