Sports Direct is facing an investor revolt against its board at its annual general meeting in September as the retailer fights to avoid becoming the first major listed UK business to fail to appoint an auditor. Shareholder advisory service Pirc has recommended that investors vote against the company’s senior management, citing concerns over the delayed publication of its annual results, the disclosure of a £605m Belgian tax bill and a decline in its share price in the past month of nearly 50 per cent.
Sports Direct is facing an investor revolt against its board at its annual general meeting in September as the retailer fights to avoid becoming the first major listed UK business to fail to appoint an auditor. Shareholder advisory service Pirc has recommended that investors vote against the company’s senior management, citing concerns over the delayed publication of its annual results, the disclosure of a £605m Belgian tax bill and a decline in its share price in the past month of nearly 50 per cent.
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