Business American Apparel American Apparel adds its first woman to revamped board of directors
Four people join board of embattled retailer as it seeks to rebuild its image in wake of firing of CEO Dov Charney
Embattled retailer American Apparel, dealing with plunging sales and attempting to distance itself from founder and suspended CEO Dov Charney, unveiled a new-look board of directors on Wednesday.
â€œAny board that lets the things you read about and hear about pass so easily, thatâ€™s not an independent board,â€ said Lucy Marcus, board director and corporate governance expert. â€œOnly time will tell whether they’ve put the right people on the board and whether theyâ€™ll be able to do whatâ€™s necessary to shore up the company, because this guy aside, the company is struggling.â€
Read the full article here.