It looks as if Stuart Rose could face yet more opposition to his role as executive chairman of Marks and Spencer Group plc. While M&S shareholders approved the election of Rose to the role at M&S’ annual general meeting earlier this month, the U.K.’s Local Authority Pension Fund Forum, whose members represent up to 2.5 percent of M&S shareholders, said Thursday they plan to oppose Rose’s dual role. The role combines the duties of chairman with some of those of chief executive. The LAPFF plans to submit a proposal at M&S’ annual general meeting next year asking that M&S separate the roles of chairman and chief executive, if the company has not already split the two roles by then. Critics have argued that combining the two roles violates corporate governance rules and concentrates too much power in one role.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styled by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)