Investment Management Association signals corporate governance concerns over changes to Mike Ashley-owned retailer’s multimillion-pound scheme

One of the City’s most influential shareholder groups has issued a warning about planned changes to a multimillion-pound bonus scheme at Sports Direct, the retail chain run by Mike Ashley, the owner of Newcastle United football club.

The Investment Management Association (IMA) issued its “red top” alert – its most serious warning signal about corporate governance breaches – ahead of the retailer’s annual shareholder meeting next week because of concerns over pay.

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Source: The Guardian Circular Economy RSS