Unhappy shareholders can voice their disapproval by pressing for change at badly-run companies. But what happens if chief executives don’t care? Corporate governance concerns have long been an issue at Sports Direct, but controversial chief executive Mike Ashley pays little heed to shareholder rebellions, given the fact he owns 62 per cent of the company. Similar concerns were also an issue at WeWork, which was forced to pull its initial public offering (IPO) last month.
