Sports Direct chairman Keith Hellawell re-elected by investors

Sports Direct chairman Keith Hellawell re-elected by investors

Sports Direct chairman Keith Hellawell has survived an attempt to oust him, with 53.2% of independent shareholders voting for his re-election.

Several prominent shareholders had pledged to vote against him at the retailer’s annual general meeting.

The retailer has faced criticism for its treatment of workers and the influence of founder Mike Ashley.

Mr Hellawell survived a revolt by independent shareholders in January.

Although almost 54% of independent shareholders voted against his re-appointment at the time, the former chief constable of West Yorkshire and government drugs tsar was backed by Mr Ashley.

  • Who is Keith Hellawell?

Mr Hellawell has defended the company’s decision not to take temporary staff off zero-hours contracts.

“While that still is a legal form of employment we will choose if we wish to continue with that form of employment,” he said.

“A very large proportion of our workers are happy to maintain that flexibility.”

Richard Greening, chair of the London Borough of Islington pension fund, which owns 21,000 shares in the company, called for a “truly independent” review of working conditions and corporate governance.

Sports Direct shares were up 2%.

The firm said it remained “optimistic” about profits this year and confirmed it now owns 100% of designer clothes retailer Flannels.

Source: BBC News

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