Asos

The fast fashion outfit is heading for a bruising shareholder meeting on January 11 - with investors preparing to rebel.

[Stocks & shares IsaStocks & shares IsaEasy investingCapital at risk. Pay row: Asos is heading for a bruising shareholder meeting on January 11 – with investors preparing to rebel The fast fashion outfit is heading for a bruising shareholder meeting on January 11 – with investors preparing to rebel. Asos said it is ‘not unusual’ for shareholder advisers to take differing views on resolutions. The firm has been battered by the cost of living crisis and a backlash against fast fashion. Luke Hildyard, of the High Pay Centre, said Asos’s board has a ‘highly inflated view’ of top bosses’ importance. Another shareholder adviser, ISS, recommended investors back the firm’s pay policy, but nonetheless said it ‘raises concerns’. Shareholder advisory service Pirc has savaged the online brand in a report, recommending investors reject or abstain on more than a third of the 15 motions. Its pay policy for the coming year also drew scorn, with Pirc describing chief executive Jose Ramos’s total potential payout, which could hit £4.2m, as ‘excessive’. Struggling Asos faces more strife: Investors set to rebel on executive pay after stand-in boss lands £567,000