Shareholders urged to vote against bosses bonuses

Sport’s Direct has once again come under fire, as its shareholders were urged to appose directors' pay awards and abstain on voting for the re-election of three executive directors.

Pirc, a shareholder group that advises investors on voting, has also advised members to withhold approval of the annual reports and accounts at the sports retailer's annual meeting in two weeks.

The corporate governance group said that long-term targets set by the retailer were “not sufficiently challenging in light of brokers’ forecasts and the level of award available”.

It also believes that the company’s failure to firm an environmental or employment policy should be further motive for investors to hold approval of the accounts.

Lack of communication with investors and the city has ignited increased hostility towards the company under secretive tycoon Mike Ashley since it floated in February.