08:23 AM EDT, 05/20/2024 (MT Newswires) -- Gildan Activewear ( GIL ) shareholders were advised by proxy advisory firm Glass Lewis to vote in favor of investor Browning West's board nominees, the activist shareholder said Monday.

The incumbent board's decision to remove former Chief Executive Glenn Chamandy was a "poorly reasoned decision," Glass Lewis said, according to Browning West.

Glass Lewis advised shareholders to vote for all of Browning West's eight nominees, the investor said.

Browning West owns approximately 5% of Gildan's outstanding shares.

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