: But the problems with Mr Hellawell go well beyond this, according to The Independent. Sports Direct has been repeatedly involved in governance controversies, ranging from its eccentric moves in the stock market taking minority stakes in other businesses, to its attempts to hand bucketloads of free shares to the founder, deputy chairman and controlling investor Mike Ashley. That understandable, you might think, given the company longstanding, and lamentable, use of zero-hours contracts for a large part of its workforce and its cavalier behaviour when part of subsidiary USC went under leading to 200 workers being laid off with just 15 minutes’ notice. When it comes to governance Mr Hellawell, a former policeman, is acquiring quite a rap sheet. It would have little difficulty both treating its employees better and steering clear of the controversies it keeps wading into. At its core, Sports Direct is a superb business that serves its customers well.
(news.financializer.com). As
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