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Board backs Sports Direct founder Mike Ashley amid controversy

By Staff Reporter

Published 10/09/2015

Sports Direct founder Mike Ashley
Sports Direct founder Mike Ashley

Sports Direct founder Mike Ashley survived calls to be ousted from the board as shareholders backed him at the group's annual meeting despite a storm of controversy.

The Newcastle United owner - who has a 55% stake in Sports Direct - and company chairman Keith Hellawell faced trade union protests and calls against their re-election after being criticised over the firm's treatment of workers and corporate governance.

Institutional investors Royal London Asset Management had also voted against Mr Ashley's re-election as executive vice-chairman, citing concerns over his failure to attend four board meetings and other corporate governance concerns.

Belfast Telegraph

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