Sports Direct boss Mike Ashley faces growing shareholder revolt
A third proxy advisor has called for shareholders to vote against Mike Ashley’s re-appointment as chief executive of Sports Direct at its upcoming annual general meeting (AGM).
Institutional Shareholder Services (ISS) has joined advisory firms Glass Lewis and Pirc in advising Sports Direct shareholders against Ashley’s re-election as a director of the company at its AGM next month.
ISS said supporting Ashley is “not considered warranted in light of ongoing operational, governance and risk oversight concerns”, including the retailer’s auditor Grant Thornton stepping down following an eleventh-hour €674m tax bill that delayed the retailer’s full-year results.
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