Sports Direct ordered to clean up act |
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| Monday, 29 October 2007 | |
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Mike Ashley, the founder of Sports Direct, has been ordered to 'get his house in order' by the company's new non-executive directors after last week's board shake-up.
Chris Bulmer, a non-executive director, quit the company last week citing lack of corporate governance at the retailer, which floated in February. Bulmer was replaced by Malcolm Dalgleish, head of retail in Europe at CB Richard Ellis, the property company, and Dave Singleton, a former executive at Reebok, the sports brand.
It is understood that Dalgleish and Singleton issued Ashley with an ultimatum, saying that they would only join if he sorted out the company's numerous corporate governance and personnel issues.
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