Institutional shareholder Royal London Asset Management is set to vote against the re-election of Mike Ashley, founder and deputy chairman of Sports Direct, at the company's annual general meeting this week.
Royal London's head of corporate governance, Ashley Hamilton Claxton, is widely quoted by the media stating the investor had lost confidence in the board and saying it suffered from a long list of "failings".
The Guardian quotes Claxton as saying: “We have lost confidence in the board and are very concerned about the long list of corporate governance failings that have not been addressed.”
Meanwhile, The Financial Times say
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The European Union is consulting on whether current corporate reporting is still relevant. Some organisations, including some of the biggest NGOs in the world, seek improved sustainability disclosures.