JD’s lack of sportsmanship leads to significant no votes

JD’s lack of sportsmanship leads to significant no votes

JD Sports Fashion plc, for the second-year running, has seen yet another significant no vote with almost a third of votes against its remuneration report at this year’s annual general meeting (AGM), held on 31 July 2020. The remuneration policy and the long term incentive plan (LTIP), also received a significant no vote with 32.52% and 29.68% respectively. This year, the remuneration policy was put to a vote following its three-year review, the main changes being a more diverse method of calculating LTIP, the introduction of 250% of base salary cap for LTIP payments and the introduction of an executive level pension contribution cap at 8% of base salary.

Last year’s AGM result also drew attention to a special bonus paid out to executive chairman, Peter Cowgill, which received 19% opposition. This bonus was paid again in 2020, having increased to £1,726,000 from the £1,700,000 received the previous year. In addition, chief financial officer, Neil Greenhalgh, received an increased bonus payment from £56,000 to £3

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