A third of Sports Direct investors reportedly voted against Mike Ashley maintaining his role as CEO at the group’s annual general meeting yesterday.
It is understood that Ashley was accused by some of “poor corporate governance”, as it was revealed that the group is yet to replace its former auditor Grant Thornton, which resigned in July.
Sports Direct reportedly asked four UK accountancy firms to consider working with the business ahead of the AGM.
You might also like...
Mike Ashley faces shareholder revolt
Sports Direct boss Mike Ashley is reported to be facing a shareholder rebellion ahead of the retailer’s upcoming annual meeting in September.
Jack Wills sold to Sports Direct
Mike Ashley’s Sports Direct has acquired lifestyle retailer Jack Wills for £12.8m in a pre-pack administration deal.
Suppliers split on Arcadia strategy
Although Arcadia Group suppliers agree that yesterday’s approval of its company voluntary arrangement (CVA) was a “fantastic” result, they are divided over whether product or property is the cause of the retailer’s woes.
Questions over Ashley’s strategy with Jack Wills
Industry insiders have questioned Mike Ashley’s long-term strategy as he continues to “irrationally hoover up the high street”.
Have your say
You must sign in to make a comment
Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.