“It continues to reflect an approach that is misguided, misleading, and value- destructive, prioritizing the obsession of board members with their own reputations above all else.” It’s the latest volley in what has become a rapid-fire fight between Gildan’s board and several major shareholders over the surprise dismissal in December of Mr. [...] Chamandy’s activities around the time he was dismissed, poring through his files and electronic information because of what they’ve called his “questionable behaviour.” Directors say what they’ve uncovered so far underscores the broken trust between the board and the former CEO toward the end of his employment and the need for new leadership. [...] This raises questions about the sharing of privileged information, but also in terms of conflicts of interest.” 3/6 18/01/2024 17:21 Former CEO gives Gildan Activewear board a dressing-down - The Globe and Mail Gildan CFO made $9.1-million from share sales after CEO’s departure in December In his statement Wednesday, Mr. [...] Chamandy played host to Browning West’s founders as well as a number of investors in the hedge fund on an “exclusive visit” to Gildan’s manufacturing plant in Honduras this past November, the board said. [...] The hedge fund said the Honduras visit is an example of the “rigorous diligence” it performs to understand the companies it invests in.
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