Britain’s JD Sports to split chairman and CEO roles By Reuters
LONDON (Reuters) - Britain's biggest sportswear retailer JD Sports Fashion has bowed to critics of its corporate governance by saying it will split long-standing boss Peter Cowgill's role as executive chairman and recruit a chief executive over the next year. The group said on Thursday "a comprehensive process" to divide the role would commence shortly. "We fully accept that the composition of our board should reflect the current scale, momentum and global positioning of the group as well as its increased level of market capitalisation," it said. Corporate governance guidelines in Britain recommend that the...
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