A fifth of Boohoo shareholders reject executive bonuses

Glass Lewis and ISS, both influential shareholder advisory firms, advised shareholders to vote against the pay package

Barry J Whyte

Chief Feature Writer @whytebarry
20th June, 2021
A fifth of Boohoo shareholders reject executive bonuses
Boohoo has been the subject of severe criticism since the publication of reports last year which claimed workers in factories contracted to make clothes destined for Boohoo brands were being paid as little as £3.50 an hour. Picture: WireImage

More than 20 per cent of the votes cast at the annual general meeting of Boohoo, the fast fashion retailer run by Irishman John Lyttle, opposed the company’s executive pay plan.

Boohoo has been the subject of criticism by shareholders recently over worker conditions in its supply chain, particularly in the garment manufacturing district in Leicester.

The vote on the pay package was one of two controversial proposals put to voters at the agm,...

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