Boohoo prevents Mike Ashley from voting on CEO’s £150m bonus
Boohoo has denied Mike Ashley a vote on a £150m bonus scheme for its CEO.
The retailer’s board, which was renamed as Debenhams Group earlier this year, said it planned to approve the scheme without a shareholder vote.
The move means Ashley will be unable to vote on the proposals.
Boohoo claimed that a “major competitor” and a “significant shareholder” had set out to “disrupt Debenhams Group’s growth strategy and operations” by voting against