Investors open fire on JD Sports
Retailer JD Sports has come under attack from shareholder groups for what they consider to be excessive salaries and bonuses for directors ahead of the group's annual meeting next week.
The Association of British Insurers is issuing a 'red-top' warning - its highest level for alleged corporate governance failures - over salary increases and bonuses it believes are in excess of the average.
Executive chairman Peter Cowgill received a package worth £1.5m for achieving operating profit of £75m.
The ABI said it was also concerned by JD Sports being held by a small number of investors, including Pentland Group, which owns 54 per cent.
Shareholder proxy group Pirc has recommended that shareholders oppose the group's remuneration report.
A spokesman for JD Sports said director remuneration reflected a sharp increase in the company's performance.
He said earnings per share rose to 114p for 2010 compared with 88p in 2009.
Most watched Money videos
- BMW's Vision Neue Klasse X unveils its sports activity vehicle future
- Volvo's Polestar releases new innovative 4 digital rearview mirror
- 'Now even better': Nissan Qashqai gets a facelift for 2024 version
- Tesla unveils new Model 3 Performance - it's the fastest ever!
- Mercedes has finally unveiled its new electric G-Class
- Mail Online takes a tour of Gatwick's modern EV charging station
- MailOnline asks Lexie Limitless 5 quick fire EV road trip questions
- Land Rover unveil newest all-electric Range Rover SUV
- Leapmotor T03 is set to become Britain's cheapest EV from 2025
- Mini Cooper SE: The British icon gets an all-electric makeover
- Blue Whale fund manager on the best of the Magnificent 7
- 2025 Aston Martin DBX707: More luxury but comes with a higher price
- We must copy the US to catch up, says HAMISH MCRAE
- Pressure on IMF to change gloomy forecast as Britain...
- Coca-Cola HBC's boss pocketed more than £320,000 in 'cost...
- TONY HETHERINGTON: Nightmare over Neighbourhood Watch...
- Former LV boss Mark Hartigan is up to his old tricks as...
- Nationwide members pocket £350m loyalty bonus
- It makes a £2 billion profit selling garments from just...
- St James's Place facing humiliating exit from FTSE 100
- Sales at Bloomsbury soar thanks to the craze for...
- JEFF PRESTRIDGE: Cash access is still so crucial to the...
- What I've learned about money (and love) in 36 years of...
- CITY WHISPERS: Boss Cook-ing up a big sparkler to woo De...
- CQS NATURAL RESOURCES GROWTH AND INCOME: Golden...
- Tesla's chairman dismisses as 'c**p' claims she is too...
- MARKET REPORT: China's Ping An insists it is not bailing...
- ALEX BRUMMER: End this Czech farce at Royal Mail now
- Thames Water is worthless: That's the verdict of its...
- INVESTING EXPLAINED: What you need to know about pandemic...