Frasers non-exec director steps down after just three months

By

Nigel TAYLOR

Published
Dec 22, 2021

Anouska Kapur has stepped down from the Frasers Group board with immediate effect after just three months as a non-executive director. She was appointed at the end of September to provide “independent legal expertise” in commercial property for its expanding retail business.

In a brief statement to the London Stock Exchange, the owner of the Sports Direct, Flannels and House of Fraser retail chains, said Kapur, was leaving “to avoid any actual or perceived conflicts of interest with a third-party professional services firm”.

The company did not comment further and no specific conflict or firm was given. However, Frasers told the Times newspaper that the departure showed its “commitment to good corporate governance”.

David Daly, chairman of the board, briefly added: “We would like to thank Anouska for her contribution.

Kapur, 32, a partner at property specialist law firm Child & Child which specialises in "high-value real estate”.

When she joined, Frasers Group’s non-executive chairman David Daly said: “Anouska’s expertise in real estate will be a vital asset to the board as we continue to invest in the high street as part of our elevation strategy. [Her expertise] will be invaluable in maintaining our regulatory compliance and appropriate standards of corporate governance”.