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Three pension funds plan to block Sports Direct chairman re-election

Fri, 02nd Sep 2016 17:03

(ShareCast News) - Three pension funds are the latest in a round of shareholders who have said they plan to support a trade-union backed motion to call for an independent review of workplace practices at Sports Direct and block the re-election of its chairman.US public pension funds CalPers and CalSTERS and Canada's Ontario Teachers' Pension Plan, three of the world's biggets pension funds, said they will vote against the re-election of chairman Keith Hellawell and founder Mike Ashley in light of the investigation by the Guardian on conditions at its Derby-based warehouse and a damning parliamentary report.The pension funds, which own less than 1% between them, said they will also vote against the reappointment of the auditor Grant Thornton, chief executive Matthew Pearson and non-executive director Simon Bentley, who heads the company's audit committee.The pension funds join Legal and General Investment Management said it would vote against the reappointment of Hellawell and all of the non-executive directors.Aberdeen Asset Management who said it vote against Hellawell, Forsey and Pearson.The funds said they did not regard the review by the company is holding, which is being carried out by law firm RPC, as independent.The sports retailer had come under fire after being exposed last year that workers were being paid less than the minimum wage and after being criticised over its labour conditions. Sports Direct said in July it would back pay staff, which will come to about £1m.Shares in Sports Direct International were up 3.76% to 327.46p at close.
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25 Nov 2019 16:17

Britain's Sports Direct to change name to Frasers Group

LONDON, Nov 25 (Reuters) - Britain's Sports Direct International, the sporting goods retailer founded and controlled by Mike Ashley, is to rebrand as Frasers Group, it said on Monday.Sports Direct said the rebranding, which is subject to sharehol...

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6 Nov 2019 15:50

Sports Direct To Stop Buying Troubled Retailers On Lack Of Protection

Sports Direct To Stop Buying Troubled Retailers On Lack Of Protection

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31 Oct 2019 07:48

UPDATE 2-British election campaign kicks off on no-Brexit day

* Corbyn challenges vested interests of capitalism* Names billionaires who he says run corrupt system* Johnson warns Labour risks the United Kingdom* Johnson has 15-17 pct. point lead - two polls* Election could decide the fate of Brexit (Recasts he...

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31 Oct 2019 07:48

UPDATE 1-UK election campaign begins with Corbyn attack on "rigged system"

* Corbyn challenges 'vested interests' of capitalism* Names billionaires who he says run corrupt system* Johnson warns Labour risks the United Kingdom* Election could decide the fate of Brexit (Updates, changes date, recasts with Corbyn)By Guy Faulc...

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30 Oct 2019 11:54

Sports Direct says CMA figures 'wrong' in Footasylum probe

(Sharecast News) - Sports Direct International issued a response to a Competition and Markets Authority (CMA) decision to refer the completed acquisition by JD Sports Fashion of Footasylum to a phase 2 investigation on Wednesday.

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30 Oct 2019 08:57

Sports Direct Takes Issue With UK CMA Over JD Sports-Footasylum Deal

Sports Direct Takes Issue With UK CMA Over JD Sports-Footasylum Deal

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29 Oct 2019 08:43

Sports Direct CEO Says Goals Soccer SFO Dossier "Too Little, Too Late"

Sports Direct CEO Says Goals Soccer SFO Dossier "Too Little, Too Late"

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28 Oct 2019 16:28

Sports Direct Writes To UK MP Calling For Debenhams Investigation

Sports Direct Writes To UK MP Calling For Debenhams Investigation

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23 Oct 2019 15:37

UPDATE 1-Sports Direct picks RSM UK Group as auditor

(Adds details on Grant Thornton's exit, background)Oct 23 (Reuters) - Mike Ashley's retail group Sports Direct International said on Wednesday it had appointed RSM UK Group as its auditors, after Grant Thornton abruptly quit earlier this year.The...

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23 Oct 2019 15:19

Sports Direct appoints RSM UK Group as auditor

Oct 23 (Reuters) - Mike Ashley's retail group Sports Direct International said on Wednesday it had appointed RSM UK Group as its auditors, after Grant Thornton quit earlier this year.The company had said in August that Grant Thornton, the group's...

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23 Oct 2019 15:08

Sports Direct appoints RSM as auditor

(Sharecast News) - Mike Ashley's Sports Direct has appointed RSM as its new auditor with immediate effect.

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23 Oct 2019 08:16

Sports Direct Calls For Investigation Into Goals Soccer Centres

Sports Direct Calls For Investigation Into Goals Soccer Centres

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23 Oct 2019 08:09

LONDON BRIEFING: Sports Direct Calls For Probe Of Goals Soccer Centres

LONDON BRIEFING: Sports Direct Calls For Probe Of Goals Soccer Centres

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23 Oct 2019 07:45

LONDON MARKET PRE-OPEN: Fresnillo Production Slips; Softcat Confident

LONDON MARKET PRE-OPEN: Fresnillo Production Slips; Softcat Confident

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23 Oct 2019 07:32

Sports Direct hits out at Goals Soccer Centres

(Sharecast News) - Sports Direct hit out at Goals Soccer Centres on Wednesday, insisting that it hadn't properly engaged with the offer process.

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