Sports Direct International Plc Review of Corporate Governance (1779U)
January 13 2017 - 12:00PM
UK Regulatory
TIDMSPD
RNS Number : 1779U
Sports Direct International Plc
13 January 2017
Released: 13 January 2017
Sports Direct International Plc
13 January 2017
SPORTS DIRECT INTERNATIONAL PLC ("Sports Direct" or "the
Company")
REVIEW OF CORPORATE GOVERNANCE
The Board has decided, following careful reconsideration of all
options, that the '360 review' of corporate governance announced on
6 and 20 September 2016 will be led by RPC, who adopted the highest
standards in delivering the Working Practices Report.
This decision has been taken in the light of recent frustrations
over delays in appointing an independent party other than RPC to
lead the review. These delays were due to the fact that we have
twice accepted candidates who were put forward to chair the review
by the Investor Forum, only for those candidates to subsequently be
withdrawn.
We believe any further delays would place an unreasonable burden
on the business at a time when the Company should be fully focused
on delivering its strategic priorities as we build towards our
medium and long term aspiration to become the "Selfridges" of
sports retail.
In the meantime, we will continue to strive to make further
positive progress by engaging with shareholders in line with our
Engagement Statement, the current version of which is available on
the Company's corporate website.
As previously stated, an external evaluation of the Board is
planned for later this financial year.
Ends.
Sports Direct International
plc T. 0344 245 9200
Cameron Olsen, Company E. investor.relations@sportsdirect.com
Secretary
KBA PR
Keith Bishop T. 0207 734 9995
E. sd@kbapr.com
This information is provided by RNS
The company news service from the London Stock Exchange
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