THE WHAT? THG shareholders are up in arms over a suggested 11 percent rise in the Chief Financial Officer’s salary, according to a report published by the Retail Gazette. Advisory firm Glass Lewis has recommended that shareholders reject the pay report at the owner of Lookfantastic’s annual general meeting later this month.

THE DETAILS Glass Lewis has also advised stakeholders to vote against the re-election of Iain McDonald as Non-executive Director, reasoning that he is an ‘insider’ on the pay committee.

THE WHY? Glass Lewis told shareholders that there was ‘no compelling justification’ for the pay rise – especially against a backdrop of THG’s falling share price.