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MP’s report on Sports Direct is “thoroughly negative for the whole of British business”

22 Jul 2016

Commenting on the Business, Innovation and Skills Committee’s report into employment practices at Sports Direct, released today, Simon Walker, Director General of the Institute of Directors, said:

“This is thoroughly negative for the whole of British business. We worry that the public will look at this damning report on working conditions at Sports Direct and assume it is how British companies behave.  Nothing could be further from the truth. IoD members, who run enterprises of all shapes and sizes across the country will be as appalled by the MP’s indictment of Mike Ashley as a anyone else. It damages all businesses when a high profile figure fails in his duty to treat employees, customers and shareholders fairly, and with dignity.

“I implore Mike Ashley to reflect on the deep damage he has done to public trust in business. He, the Chairman Keith Hellawell, and the board of Sports Direct, should take immediate steps to improve conditions for his staff to wipe clean the black marks of this scandal. Our new Prime Minister has made it clear that she will act against reckless  bosses. For the sake of the whole business community, Ashley must show that he can change, otherwise kneejerk regulatory and legislative responses will impact  good and bad businesses alike.”

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