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Boohoo urges Revolution Beauty to call general meeting over board changes
Global Banking and Finance Review
Company
(Reuters) – Boohoo on Wednesday urged Revolution Beauty to call for its requisitioned general meeting “without further delay” to remove Chief Executive Officer Bob Holt, Finance Chief Elizabeth Lake and Chairman Derek Zissman from the board.
(Reuters) – Boohoo on Wednesday urged Revolution Beauty to call for its requisitioned general meeting “without further delay” to remove Chief Executive Officer Bob Holt, Finance Chief Elizabeth Lake and Chairman Derek Zissman from the board.
Boohoo, Revolution Beauty’s largest shareholder with about a 26.6% stake, had earlier said it had sought a general meeting where it intends to also propose the appointment of Alistair McGeorge and Neil Catto as new directors.
(Reporting by Eva Mathews in Bengaluru; Editing by Sonia Cheema)
Corporate governance refers to the systems and processes that direct and control a company, ensuring accountability, fairness, and transparency in its relationships with stakeholders.
A board of directors is a group of individuals elected to represent shareholders and oversee the activities of a company, making key decisions and setting policies.
A shareholder is an individual or institution that owns shares in a company, entitling them to a portion of the company's profits and a say in its governance.
The CEO, or Chief Executive Officer, is the highest-ranking executive in a company, responsible for making major corporate decisions and managing overall operations.
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