Boohoo to link £150m bonus pot for directors to supply chain improvements
(Getty Images for boohoo.com)
Boohoo plans to link multimillion-pound bonuses for its directors with improvements in its supply chain following allegations of poor working conditions and corporate governance.
The online retailer faced criticism from investors last year over its long-term incentive scheme, which could see founders and directors paid up to £150m.
Executive pay
The group’s annual report revealed that total executive pay had slipped as Boohoo’s chief secured a lower pay packet for the past financial year.
It said that the total pay packet for executive directors fell by 17.6 per cent to £5.41m for the year to February, compared with £6.5m in the previous financial year.
Boohoo will link director bonuses to supply chain improvements
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Boohoo to link executive bonuses with supply chain improvements
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Boohoo to link executive bonuses with supply chain improvements
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