The Scottish Mail on Sunday

AO WORLD’S Shaun McCabe could face a rough run through the spin cycle at the washing machine seller’s annual meeting this week.

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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.

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