Sports Direct‘s corporate governance has taken yet another hit today as its only female director announced her abrupt departure.
Clair Jenkins has resigned from her role as non-executive director from the sportswear giant with immediate effect, with no reason given for her sudden exit.
The retailer, which has been plagued by the press, shareholders and MPs for its poor corporate governance practices over the past year, is now left with just three independent non-executive directors, aside from chairman Keith Hellawell.
Last month, the retailer announced the appointment of its first workers representative Alex Balacki, who will attend board meetings in order to voice the concerns of the retailer‘s workforce.
Sports Direct also acquired two loss-making US retailers Bob‘s Stores and Eastern Mountain Sports in an effort to establish a “footprint in US bricks-and-mortar retail and a platform from which to grow US online sales”.
The £78 million deal drew criticism from investors who have argued it should focus on sorting out its poor corporate governance practices in the UK.