Institutions oppose Sports Direct chairman’s reappointment
A number of major institutional shareholders, consultancies and lobbyists are against the reappointment of Sports Direct chairman Keith Hellawell, who is prepared to stand down on their say-so at the impending crunch vote.
Sports Direct. Photo: Martin Pettitt, Flickr
A number of investors and shareholder representatives are against the reappointment of Sports Direct chairman Keith Hellawell, days before the crucial vote at its AGM.
Having survived a vote in January where the majority of independent shareholders voted against Hellawell staying in his role, he pledged to step down if the upcoming independent majority vote went against him.
Royal London Asset Management corporate governance manager Ashley Hamilton Claxton said Sports Direct “continues to show a serious disregard for shareholders’ views about the governance and management of the company”. The asset manager will vote against the re
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