Reported about 7 hours ago
Boohoo is facing significant opposition at its upcoming shareholder meeting as two major advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis, recommend that investors vote against the executive pay proposal. The controversy centers around a substantial bonus for CEO Dan Finley, with concerns about transparency and a lack of performance criteria for executive compensation. This meeting comes on the heels of mounting discontent from its largest investor, Mike Ashley's Frasers Group, leading to possible challenges to Boohoo's leadership amid discussions of the company's recent financial struggles.
Source: YAHOO