Major shareholders in AGM are contemplating voting against the reappointment of the company’s chairman, Mike Ashley , and other directors at the firm’s AGM in next month . Of the independent shareholders’ votes, 30% were cast against Hellawell at the 2015 AGM. Ashley owns 55% of the company and is its executive deputy chairman. The chain is currently under scrutiny due to revelations about its poor treatment of staff and declining financial performance. The upcoming AGM is seen as a potential test of new rules requiring minority investors to grant approval to non-exec directors in companies where an individual shareholder controls 55% of shares; Sports Direct ’s founder, Mike Ashley , owns 55% of the company.
Major shareholders in AGM are contemplating voting against the reappointment of the company’s chairman, Mike Ashley , and other directors at the firm’s AGM in next month . Of the independent shareholders’ votes, 30% were cast against Hellawell at the 2015 AGM. The chain is currently under scrutiny due to revelations about its poor treatment of staff and declining financial performance. The upcoming AGM is seen as a potential test of new rules requiring minority investors to grant approval to non-exec directors in companies where an individual shareholder controls 55% of shares; Sports Direct ’s founder, Mike Ashley , owns 55% of the company.