Sports Direct plan for UK's first board worker representative
New announcement sees share price fall
by Abi Moses on 12th March, 2017
While a company that has come under scrutiny of late, Sports Direct are seeming to do all they can to enhance their employer brand, this week announcing they are planning for the UK's first board worker representative.
Promising to encourage good corporate governance Mike Ashley, Chief Executive, says he aims for a workforce of 'directly-engaged workers', wanting to include the whole hierarchy of workers when making big board decisions.
Those that wish to be thought of for the post will register their interest, with the board then conducting an extensive assessment. From here Sports Direct will put a selection of candidates forward to the vote from the Direct'sstaff.
"I have always believed Sports Direct to be a business that was built by the great people who work here," chief executive Mike Ashley wrote in a letter to employees.
"I therefore believe it is important that your voice is heard at the highest level in order to continue to make a positive difference. I look forward with immense pride to sitting alongside the UK's first elected workers' representative at future board meetings of Sports Direct."
While incorporating members of the staff into decision-making is not a new idea, the way in which Sports Direct are executing the role will be. Companies such as John Lewis and Co-Op elect through sub-communities and councils, while Sports Direct's representative will be very hands on, attending board meetings and having his or her say heard.
Thought to be a positive move for the firm, the announcement did however see the share price fall. spokesman for the brand says:
"Having explored all options we believe this is the best way to ensure the workers' representative is free to champion the interests of all staff. We see this as a major step forward in bringing about positive change."
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