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Sports Direct revelations add to concerns over dominant role of Mike Ashley

Discussion in 'Market News' started by Lily, Dec 10, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Shareholders and allies express concern over corporate governance arrangements with Ashley in total control

    The dominant role of Mike Ashley in the management of Sports Direct has been underlined again, after the Guardian revealed that many of the retailer’s temporary warehouse staff receive effective hourly rates of pay below the minimum wage.

    The store chain, founded and still 55%-owned by the billionaire, was shown on Wednesday to be conducting compulsory searches of workers at the end of shifts, time which they are not paid for. It was also revealed that the group makes harsh deductions from pay packets for slight lateness.

    Related: Who's who at Sports Direct

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