AO WORLD’S Shaun McCabe could face a rough run through the spin cycle at the washing machine seller’s annual meeting this week.
Shareholder adviser Glass Lewis has urged investors to vote against the reappointment of McCabe to his role as a non-executive director.
McCabe is also on the board of Boohoo – whose governance has been in the spotlight over allegations of slave labour – and is chief finance officer at Trainline, which saw shares punctured by a rail review this year.
Glass Lewis argues McCabe is overstretched and should retain ‘some spare capacity in case of a crisis’. With AO shares down 45 per cent this year after last year’s Covid rally, perhaps that time is imminent.