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Carol Kane
Boohoo co-founder sees off attempt to oust her from the board
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manchestereveningnews.co.uk
manchestereveningnews.co.ukDon't miss a thing by getting the day's biggest stories sent direct to your inbox The co-founder of Boohoo has survived an attempt by shareholders to remove her from the fast-growing fashion retailer’s board.
The attempt to oust Carol Kane, which had the backing of high-profile groups, followed a scandal over working conditions for the people who make Boohoo’s clothes.
Yet nearly 12 per cent of the votes cast by shareholders were in favour of removing Ms Kane from her position as an executive director, for which she was paid nearly £1.4 million last year.
The vote to re-elect Ms Kane to her position was expected, but with influential shareholder advisory group Glass Lewis backing a the removal, it was not fully certain.
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