JD Sports Fashion Plc will pay former boss Peter Cowgill at least £5.5 million ($6.3 million) as part of an exit deal after he was ousted in May amid concerns over the company’s governance practices, including a meeting he held in a parking lot with the head of a rival company.
As part of the accord Cowgill is prevented from working or advising any competitors to the British sports chain and he cannot solicit any of its employees, according…