Pension funds vote for removal of Sports Direct board

James Phillips
clock • 3 min read

Major pension funds and asset managers have voted against the re-election of Sports Direct founder Mike Ashley and chairman Keith Hellawell at the company's annual general meeting on 7 September.

The move follows allegations of health and safety violations and sexual abuse at the sports retailer as well as criticism of its use of controversial zero hour contracts and holding staff after wor...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Investment

Partner Insight: How can we unlock opportunity in a new market regime?

Partner Insight: How can we unlock opportunity in a new market regime?

Several multi-decade trends have recently come to an end, and investors are contending with a world that is less connected, less stable geopolitically, and potentially more inflationary. Against this complex backdrop, Newton CEO Euan Munro explores how...

SPP calls into question British business investment disclosure proposals for DC

SPP calls into question British business investment disclosure proposals for DC

Society’s members say the proposals could have an opposite effect

Martin Richmond
clock 01 May 2024 • 2 min read
XPS review reveals 'wide divergence' in 2023 fiduciary investment performance

XPS review reveals 'wide divergence' in 2023 fiduciary investment performance

Portfolios most exposed to illiquid assets most likely to have suffered low returns

Jonathan Stapleton
clock 30 April 2024 • 1 min read
Trustpilot