The Globe and Mail reports in its Tuesday edition that Gildan Activewear will convene a shareholders meeting in the late spring to give investors time to evaluate a dissident plan while providing more opportunity to judge the competence of new chief executive officer Vince Tyra. The Globe's Nicolas Van Praet writes that Browning West, which is leading the dissidents, says Gildan's plan will lead to "value destruction." Gildan is under pressure from Browning West and other shareholders to hold a meeting as soon as possible to consider bringing in a new board that would back the return of former CEO Glenn Chamandy. Browning wants a majority of Gildan's current 11-director board out. Gildan responded Monday saying it has called two shareholders meetings for May 28, one a special meeting and the other an annual meeting. Gildan, however, says it will seek a court ruling on whether the Browning West requisition is legal. If a judge rules in Gildan's favour, it would hold just an annual meeting that day and drop the special meeting. Browning could still try to get its directors elected at the AGM. The timing of the May meeting is not sitting well with at least two shareholders, who could mount a legal challenge to it.