71
Fashion Jobs
L'OREAL GROUP
Multi-Brand Education Manager
Permanent · JOHANNESBURG
L'OREAL GROUP
E-Commerce Manager
Permanent · JOHANNESBURG
BEIERSDORF
Brand Manager
Permanent · DURBAN
G-STAR
Key Account Manager
Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
PUMA
Payroll Administrator
Permanent · CAPE TOWN
ADIDAS
Senior Manager Sales: Shoe Channel - em South
Permanent · CAPE TOWN
ADIDAS
Senior HR Business Partner (6-Months Maternity Cover)
Permanent · CAPE TOWN
L'OREAL GROUP
Product Manager
Permanent · JOHANNESBURG
TREK
Country Manager
Permanent · SANDTON
L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
ADIDAS
ic pp Data & Analytics Specialist - em
Permanent · CAPE TOWN
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
Clinique - Roamer - Edgars Eastgate, Gauteng - 40 Hours - Full-Time - Permanent
Permanent · JOHANNESBURG
PANDORA
Sales Assistant Ppt 96 Hours Balito
Permanent · DURBAN
L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
Permanent · CAPE TOWN
ADIDAS
Specialist Franchise Excellence - Ems Africa Export
Permanent · CAPE TOWN
LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
By
Reuters API
Published
Nov 24, 2017
Reading time
2 minutes
Download
Download the article
Print
Text size

Sports Direct investors to vote on 11 million pound payment to founder's brother

By
Reuters API
Published
Nov 24, 2017

Investors in British retailer Sports Direct will vote on whether to pay 11 million pounds to the brother of billionaire founder Mike Ashley - a move that could reignite tensions between shareholders and the board.



Sports Direct said on Friday it would hold a general meeting on Dec. 13 after an independent report by law firm RPC found that John Ashley, who was employed as an IT expert, was entitled to the money for his work in the years since the company floated in 2007.

It said John Ashley had not received what he was owed "because of concerns at the time about public relations".
Independent shareholders will vote on the resolution to give John Ashley the 11 million pounds, with board members, including Mike Ashley, abstaining from the vote, the company said in a statement.

"I fully expect that independent shareholders will vote against this proposal due to the passage of time involved, although in my opinion, technically the money is owed and therefore should be paid," Mike Ashley, who is also chief executive and 61 percent shareholder, said in a statement.

"It's important for me to say that if John had owed one pound to Sports Direct, I would have ensured any sum was repaid in full."

The fresh showdown comes after years of clashes between investors and the board.

Chairman Keith Hellawell, accused by investors of a string of management and governance failures, narrowly survived a vote to oust him in September.

He had said he would resign if a majority of independent shareholders voted against him for a third time.

 

© Thomson Reuters 2024 All rights reserved.