Boohoo faces backlash

ONLINE fashion company Boohoo is the latest firm to face a furious backlash over executive pay at its annual general meeting.

A third of shareholders yesterday voted against its remuneration report, which paid chief executive John Lyttle £1.4m. Most of it was a £712,631 bonus, despite shares falling by around 75pc in the period.

A quarter of investors opposed a new pay policy, which it has implemented after last year’s controversial incentive scheme was ditched. The policy will see all executive directors paid out a maximum of 200pc of basic salary.