BOSSES at Bury-based sports retail giant JD have pledged to overhaul its corporate governance in the face of a shareholders revolt.
Just over 30 per cent of shareholders voted against the remuneration committee's recommendations at the Pilsworth-based outfit's annual general meeting.
And just over 10 per cent of voters opposed a £6million performance bonus for the firm's executive chairman, Peter Cowgill, as compensation for a lack of pension contributions.
Later company secretary Siobhan Mawdsley said: "In light of these results and in view of the company's recent entry into the FTSE 100, the board considers that this is an appropriate time to carry out a review of its practices from a corporate governance perspective.
"The company will engage with shareholders as part of this review and will focus, amongst other things, on remuneration issues."
The next company interim results will be announced on September 10, for the period up to August 3. Bosses say they are on track to meet profit forecasts.
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