Sports Direct to carry out independent review of working practices

20th Sep 2016 07:40

(ShareCast News) - Sports Direct International has agreed to undertake an independent review of its working practices and corporate governance.The retailer had previously said that its regular legal adviser, RPC, would carry out another investigation.However, at the company's annual general meeting earlier this month, shareholders called for a fully independent review and Sports Direct said on Tuesday that an independent party other than RPC would carry out the review."The board will continue constructive dialogue with the company's independent shareholders in order to reach agreement regarding the specific nature and timing of the review."In addition, Sports Direct said the selection process for the Workers' Representative on the board of Sports Direct will be done via democratic staff elections, in which all staff directly engaged or employed by the company may vote.