Sports Direct’s shareholders have voted in favour of re-electing Mike Ashley and Keith Hellawell to the company’s board.
At the Sports Direct annual general meeting in Shirebrook, Derbyshire, today, 88% of shareholders voted to re-elect the retailer’s founder and owner Ashley as executive deputy chairman, while 93% voted to re-elect Hellawell as chairman.
It comes after recent protests from unions and some minority shareholders, which centred on Sports Direct’s controversial use of zero-hours contracts, its handling of USC’s administration earlier this year and Ashley’s alleged failure to attend a number of board meetings.
Today almost a third (31%) of independent shareholders refused to back Hellawell, opting to either vote against the decision or abstain from voting.
Sports Direct chief executive Dave Forsey has also been re-elected as a director, though he has resigned as secretary at Mike Ashley’s holding company, Mash Holdings.
Matt Pearson, who was promoted to acting chief financial officer in June, was also re-elected to the board, as were non-executive directors Simon Bentley, Dave Singleton and Claire Jenkins.