American Apparel takes very seriously the responsibility to observe high standards of ethical conduct to protect the interests of the corporation, its shareholders, and its stakeholders. The officers and board of directors of American Apparel are dedicated to overseeing the operation of the business and affairs of the corporation to promote long-term shareholder value.
American Apparel, Inc.’s ISS Governance QuickScore as of Jul 1, 2014 is 10. The pillar scores are Audit: 10; Board: 9; Shareholder Rights: 6; Compensation: 10. This raises a red flag in the governance sector of the American Apparel Company.
Below on the left is the list of American Apparel Management and on the right is the current Board of Directors.
American Apparel, Inc.’s ISS Governance QuickScore as of Jul 1, 2014 is 10. The pillar scores are Audit: 10; Board: 9; Shareholder Rights: 6; Compensation: 10. This raises a red flag in the governance sector of the American Apparel Company.
Below on the left is the list of American Apparel Management and on the right is the current Board of Directors.
Management
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Board of Directors
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CEO Expertise and Independence
"My goal is to make American Apparel a better company, while staying true to its core values of quality and creativity and preserving its sweatshop-free, made in USA manufacturing philosophy." -American Apparel CEO Paula Schneider
The brand officially terminated founder Dov Charney after allegations of misconduct, in 2014. As of January 2015 fashion executive Paula Schneider is the new CEO at American Apparel. Although she will lead the company, Schneider was not given a seat on the board. American Apparel said Friday she will be able to attend all board meetings in an "non-voting observer capacity."
Five Key Elements to Schneider's Expertise:
1. Studied costume design in college.
She graduated from California State University — Chico in 1983. She minored in teaching.
2. Background in fashion retailing.
Schneider has served as president for many top fashion brands, including BCBG Max Azria, Laundry by Shelli Segal, and Warnaco Swimwear group.
3. Deep knowledge of finance.
Schneider has served as senior advisor for a private equity group. This expertise could help her turn around finances at American Apparel, which has struggled with cash flow for some time.
4. Ran a consulting business.
Schneider has had her own retail consulting business for two years. This means it's possible that she's worked with American Apparel before.
5. Philanthropist.
Schneider has been actively involved in fundraising for years, especially through the Avon Walk for Breast Cancer.
Marty Bailey, President of Manufacturing
Having been at the forefront of major growth and change in the apparel industry for over 18 years, Bailey brings to American Apparel a wealth of experience, having successfully managed manufacturing services and operations for companies such as Fruit of the Loom, Alstyle Apparel, Volunteer Knit Apparel and Beltex Underwear. Bailey has earned a reputation in the apparel industry as a T-shirt genius for his ability to implement cost-effective programs, and streamlining and organizing production growth.
Since his arrival to American Apparel in spring 2002, as one of his many new constructive programs, Bailey quickly bolstered production at American Apparel, integrating a new system and advancing apparel technology into the 21st century. Bailey's brilliant manufacturing modification has resulted in record-breaking sales and increased wages for skilled workers. As vice president of operations, Bailey is responsible for overseeing production planning, purchasing, sourcing, product development and quality-assurance departments.
"My goal is to make American Apparel a better company, while staying true to its core values of quality and creativity and preserving its sweatshop-free, made in USA manufacturing philosophy." -American Apparel CEO Paula Schneider
The brand officially terminated founder Dov Charney after allegations of misconduct, in 2014. As of January 2015 fashion executive Paula Schneider is the new CEO at American Apparel. Although she will lead the company, Schneider was not given a seat on the board. American Apparel said Friday she will be able to attend all board meetings in an "non-voting observer capacity."
Five Key Elements to Schneider's Expertise:
1. Studied costume design in college.
She graduated from California State University — Chico in 1983. She minored in teaching.
2. Background in fashion retailing.
Schneider has served as president for many top fashion brands, including BCBG Max Azria, Laundry by Shelli Segal, and Warnaco Swimwear group.
3. Deep knowledge of finance.
Schneider has served as senior advisor for a private equity group. This expertise could help her turn around finances at American Apparel, which has struggled with cash flow for some time.
4. Ran a consulting business.
Schneider has had her own retail consulting business for two years. This means it's possible that she's worked with American Apparel before.
5. Philanthropist.
Schneider has been actively involved in fundraising for years, especially through the Avon Walk for Breast Cancer.
Marty Bailey, President of Manufacturing
Having been at the forefront of major growth and change in the apparel industry for over 18 years, Bailey brings to American Apparel a wealth of experience, having successfully managed manufacturing services and operations for companies such as Fruit of the Loom, Alstyle Apparel, Volunteer Knit Apparel and Beltex Underwear. Bailey has earned a reputation in the apparel industry as a T-shirt genius for his ability to implement cost-effective programs, and streamlining and organizing production growth.
Since his arrival to American Apparel in spring 2002, as one of his many new constructive programs, Bailey quickly bolstered production at American Apparel, integrating a new system and advancing apparel technology into the 21st century. Bailey's brilliant manufacturing modification has resulted in record-breaking sales and increased wages for skilled workers. As vice president of operations, Bailey is responsible for overseeing production planning, purchasing, sourcing, product development and quality-assurance departments.
CEO Compensation & Ownership
Paula Schneider will be paid a base salary of $600,000, according to securities filing. She could also earn an annual incentive award, between 50% and 75% of that base, if the company reaches certain targets set by the board or its compensation committee. The board of directs had required her to present an operational plan by April 5; once she had delivered this strategy, she was entitled to receive a bonus of $100,000, the filing said. |
2013 SEC Filings: Executive Compensation |
American Apparel Owners
You can contact American Apparel's Board of Directors to provide comments, to report concerns, or to ask a question, at the following address.
American Apparel
Attn: Board of Directors
747 Warehouse St.
Los Angeles, CA 90021
You may submit your concern anonymously or confidentially by postal mail. You may also indicate whether you are a shareholder, customer, supplier, or other interested party.
Communications are distributed to the Board, or to any individual directors as appropriate, depending on the facts and circumstances outlined in the communication. In that regard, the American Apparel board of directors has requested that certain items which are unrelated to the duties and responsibilities of the board should be excluded, such as:
Product complaints
Product inquiries
New product suggestions
Resumes and other forms of job inquiries
Surveys
Business solicitations or advertisements
In addition, material that is unduly hostile, threatening, illegal or similarly unsuitable will be excluded, with the provision that any communication that is filtered out must be made available to any non-management director upon request.
American Apparel
Attn: Board of Directors
747 Warehouse St.
Los Angeles, CA 90021
You may submit your concern anonymously or confidentially by postal mail. You may also indicate whether you are a shareholder, customer, supplier, or other interested party.
Communications are distributed to the Board, or to any individual directors as appropriate, depending on the facts and circumstances outlined in the communication. In that regard, the American Apparel board of directors has requested that certain items which are unrelated to the duties and responsibilities of the board should be excluded, such as:
Product complaints
Product inquiries
New product suggestions
Resumes and other forms of job inquiries
Surveys
Business solicitations or advertisements
In addition, material that is unduly hostile, threatening, illegal or similarly unsuitable will be excluded, with the provision that any communication that is filtered out must be made available to any non-management director upon request.