ISS supports rejecting Ashley's bid for a Boohoo board seat, citing conflicts of interest.

Boohoo received support from Institutional Shareholder Services (ISS) to reject Frasers Group's proposal to appoint Mike Ashley and Mike Lennon to its board. ISS advised shareholders to vote against the proposal, citing conflicts of interest and lack of specific plans for change. Ashley, who owns 27% of Boohoo, has criticized the company's management, calling it "panic-driven mismanagement." Boohoo argues Ashley seeks a board seat for his own interests. Shareholders will vote on the proposal before Christmas.

4 months ago
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