DISCUSSION Need for better governance at Sports Direct, Mike Ashley defies the will of the company’s other shareholders

by Luke Robinson _______6th January 2017
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by Hayley Kirton, City A.M.

Sports Direct has today sparked more ire over the state of its corporate governance, including calls for a rethink on how listed firms are overseen

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Mark Goyder, chief executive of Tomorrow’s Company, commented:

“The battle between Ashley, the Sports Direct board and the minority shareholders is, in my view, an exceptional case and I would not seek to defend its governance track record [but] it is hardly logical to jump to the conclusion that the company should be ejected from the FTSE 250 or that rules for majority shareholders should be reviewed.”

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