Hedge Funds
Royal London Asset Management will vote against re-election of retailer’s executive deputy chairman Mike Ashley and its non-executive directorsA City investment firm is to vote against the re-election of Sports Direct’s non-executive directors and executive deputy chairman, Mike Ashley, at the retailer’s annual shareholder meeting on Wednesday.Ashley Hamilton Claxton, corporate governance manager at Royal London Asset Management (RLAM), which owns about £8.3m of Sports Direct shares, said: “We have lost confidence in the board and are very concerned about the long list of corporate governance failings that have not been addressed.” Continue reading...