Sports Direct's board under pressure as City investors lose faith

Royal London Asset Management will vote against re-election of retailer’s executive deputy chairman Mike Ashley and its non-executive directors

A City investment firm is to vote against the re-election of Sports Direct’s non-executive directors and executive deputy chairman, Mike Ashley, at the retailer’s annual shareholder meeting on Wednesday.

Ashley Hamilton Claxton, corporate governance manager at Royal London Asset Management (RLAM), which owns about £8.3m of Sports Direct shares, said: “We have lost confidence in the board and are very concerned about the long list of corporate governance failings that have not been addressed.”

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Source: The Guardian Circular Economy RSS