The Globe and Mail reports in its Monday edition that Gildan Activewear is remaking its board of directors to counter dissident shareholders ahead of its annual meeting next month. The Globe's Nicolas Van Praet and Andrew Willis write that Gildan is replacing five directors, including current chairman Donald Berg, with new faces effective May 1. Gildan is proposing to add two directors from a competing slate being championed by activist shareholder Browning West to replace two current directors not standing for re-election. In all, the refresh would see seven of 12 directors swapped out. Tim Hodgson, a veteran investment banker who will take over as Gildan chairman next month, says: "The slate that's been proposed is to say 'We've listened. We want to end the drama. We want to get on with building value.'" He says the board backs chief executive officer Vince Tyra but will hold him accountable to deliver. Gildan's board is locked in a feud with U.S. investment firm Browning West and other shareholders over its decision to dismiss long-time CEO Glenn Chamandy in December and replace him with Mr. Tyra. Browning West is seeking to remove eight of Gildan's 12 sitting directors and replace them with its own nominees.