My Food Bag board faces shareholder scrutiny over pay rise and strategic review
My Food Bag's chief executive received an 88% pay rise while the company undergoes a strategic review that could lead to a sale.
My Food Bag's board will face questions from shareholders at its upcoming annual meeting on 19 August about the chief executive's substantial pay increase and the company's strategic review. Three directors seeking re-election have served on the board for up to five years. The board must justify how the company's performance warrants both the executive pay rise and a review that could potentially result in the business being sold.
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My Food Bag: A strategic review and an 88% pay rise
My Food Bag’s board faces an awkward task: convincing shareholders the company performed well enough for the chief executive to almost double his take-home pay last year, yet poorly enough to justify a strategic review that could potentially lead to…