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THE WHAT? THG shareholders are up in arms over a recommended 11 % rise within the Chief Monetary Officer’s wage, in response to a report printed by the Retail Gazette. Advisory agency Glass Lewis has really useful that shareholders reject the pay report on the proprietor of Lookfantastic’s annual basic assembly later this month.
THE DETAILS Glass Lewis has additionally suggested stakeholders to vote towards the re-election of Iain McDonald as Non-executive Director, reasoning that he’s an ‘insider’ on the pay committee.
THE WHY? Glass Lewis informed shareholders that there was ‘no compelling justification’ for the pay rise – particularly towards a backdrop of THG’s falling share value.
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