Gildan Investors Should Back Browning and Reinstate Fired CEO, ISS Says
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Gildan Activewear Inc. shareholders should vote for all eight board nominees put forward by activist investor Browning West LP, including the chief executive officer who was fired by the board last year, proxy advisory firm Institutional Shareholder Services Inc. said.
It’s a big victory for Browning West, which has a 5% stake in Gildan and has been waging a monthslong campaign to turf the current board and bring back Glenn Chamandy as CEO. He was ousted in December after an internal battle over strategy and succession.