Retailer asks shareholders to back payment after review by law firm says he was denied bonus due to concerns about PRSports Direct is seeking shareholder approval for an £11m payout to the brother of Mike Ashley, the company’s founder and majority shareholder, after an internal review into a controversial business deal concluded that he had been underpaid.Last year, Sports Direct was heavily criticised by its own shareholders and corporate governance experts after it emerged the sportswear retailer was paying a company owned by John Ashley to deliver online orders outside the UK. The arrangement with Barlin Delivery Ltd, which was unwound earlier this year, had not been disclosed in Sports Direct’s annual report. Continue reading…
Via: Sports Direct seeks approval for £11m payout to Mike Ashley’s brother
Categories: English News