Thursday 18 August 2016

Sports Direct doesn't need consultants, it should listen to its shareholders

Mike Ashley’s firm announced an external evaluation of the board, but the problems are obvious to all ... except Keith Hellawell

Here is a tip for Sports Direct that could save Mike Ashley a few bob: rather than bringing in highly-paid consultants to evaluate the company’s board, just ask your shareholders. City institutions would swiftly tell Ashley that Sports Direct needs a credible chairman and a permanent finance director.

The fact that Sports Direct chose to publicly announce that it will conduct an “external evaluation” of its board suggests one problem is already clear – Keith Hellawell is not performing as chairman.

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from Business blog | The Guardian https://www.theguardian.com/business/blog/2016/aug/18/sports-direct-doesnt-need-consultants-it-should-listen-to-its-shareholders

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