Lululemon founder Chip Wilson takes a shot at company's accountability measures

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      A year ago, the billionaire founder of the world's most popular yogawear company publicly slammed the board of directors.

      In an opinion piece in the Globe and Mail, Chip Wilson condemned lululemon athletica for holding a "virtual annual general meeting".

      "The misnamed 'meeting' lasted all of 20 minutes and lacked any transparency," Wilson wrote. "Shareholders couldn’t personally ask questions. Questions had to be previously submitted by e-mail."

      At the time, Wilson owned 14.2 percent of the shares. But he was still denied a chance to speak for 10 minutes at the meeting.

      Today, Wilson once again criticized lululemon athletica's governance practices, this time over Twitter.

      It came less than a week after he issued more criticism of lululemon on his Twitter feed.

      Wilson launched lululemon in Vancouver's Kitsilano neighbourhood in 1998.

      He sold a bunch of his shares and reinvested a lot of it in Low Tide Properties. According to lululemon's last proxy statement, Wilson and Advent International Corporation are the company's largest shareholders, each owning 14.7 percent of the company.

      Low Tide Properties buys what it views as undervalued real estate in Vancouver's emerging neighbourhoods.

      Among its holdings are 1995 West 4th Avenue, which is home to the Tractor soup and sandwich outlet, and 895 East Hastings Street, which is the site of Strathcona Beer Co.