Sports Direct investors REJECT proposed £11 million payout to Mike Ashley brother

Sports Direct investors REJECT proposed £11 million payout to Mike Ashley brother
 

Majority shareholder Ashley abstained from voting on the plan to give a back payment to John Ashley for his IT work. The vote was more than 70 per cent against.
A review by the firm’s legal advisers, RPC, and accountants Smith & Williamson found that if John Ashley had been treated the same as other senior executives he would have received £11 million more. 
Sports Direct said: "The board trusts that shareholders will welcome the steps taken to reassure them that John Ashley did not benefit inappropriately from being the brother of majority shareholder Mike Ashley.
"In fact,... read more

 
14 December 2017 in Business, Views: 63
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