JD Sports faces the prospect of an investor rebellion at its annual meeting on Wednesday as it seeks shareholder approval for a £6m cash bonus for Peter Cowgill, its executive chairman. The proposed payment, to be made in four instalments, is intended to reflect the company’s strong recent performance. Its share price has risen by more than 70 per cent so far this year. The group, promoted to the FTSE 100 index at the last review, is now worth almost four times as much as rival Sports Direct.
JD Sports faces the prospect of an investor rebellion at its annual meeting on Wednesday as it seeks shareholder approval for a £6m cash bonus for Peter Cowgill, its executive chairman. The proposed payment, to be made in four instalments, is intended to reflect the company’s strong recent performance. Its share price has risen by more than 70 per cent so far this year. The group, promoted to the FTSE 100 index at the last review, is now worth almost four times as much as rival Sports Direct.
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