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Shareholder advisers come out against Sports Direct chair

ISS and Pirc add their voices to shareholder Aberdeen Asset Management ahead of January 5 vote

Sports Direct International founder Mike Ashley
Sports Direct International founder Mike Ashley Photo: Getty Images

Corporate governance advisers ISS and Pirc have recommended shareholders vote against the re-election of Sports Direct chairman Keith Hellawell later this week.

Aberdeen Asset Management, which was among the 53% of independent shareholders in Sports Direct that voted against Hellawell in September, has also confirmed it will again oppose his re-election at the general shareholder meeting on January 5.

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