Jul 1, 2021
JD Sports investors remove remuneration committee head from board
Investors at JD Sports have voted to kick the company's remuneration committee head off the board after years of discontent with its pay practices. JD Sports on Thursday said nearly 55 per cent of voting shareholders had failed to back the re-election of Andrew Leslie, who had sat on the fashion group's board for 11 years, prompting him to step down with immediate effect. The London-listed company said it would elect a temporary chair of its remuneration committee and begin the search for Leslie's long-term replacement. ISS said the sportswear group's remuneration reports had "Consistently registered significant levels of dissent" since 2014, a period during which Leslie has chaired the relevant committee. JD Sports said Cowgill's "Special bonus" had been approved by shareholders in 2019, before the pandemic, partially as the executive chair does not receive contributions from the company's pension scheme.
Make a complaint about JD Sports by viewing their customer service contacts.