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Sports Direct shareholders urged not to re-elect Ashley

Sports Direct’s shareholders have been advised to oppose the re-election of Mike Ashley to the board.

Sports Direct

Sports Direct

Sports Direct

Pensions and Investment Research Consultants (PIRC) said Ashley had been “highly criticised” by the Business, Innovation and Skills (BIS) select committee for the “appalling working practices” at his Shirebrook warehouse, according to City AM.

PIRC said Ashley had too much power over the board and raised concerns about “whether the other directors can objectively challenge and influence the board’s decision making process”.

Shareholders will vote at the company’s annual general meeting on 7 September.

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