Jun 13, 2021
JD Sports faces investor backlash over boss's bonus
JD Sports is facing an investor backlash after handing its boss a £4.3m bonus despite benefiting from hundreds of millions of pounds in Covid support. Shareholder advisory group Glass Lewis recommends that investors vote against JD Sports' "Inappropriate" pay policy. JD Sports said it had not used any of the loan by the time the scheme closed in March. As a non-essential retailer, JD Sports was forced to close during lockdown. Pre-tax profit fell by 7% to £344m. JD Sports will hold its annual general meeting on 1 July when shareholders will be invited to vote on the company's remuneration report alongside other resolutions.
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