date:Aug 11, 2014
These governance reforms represent the final crucial step in delivering the necessary change to restore the group and return it to health, Co-Op Group Chairman Ursula Lidbetter said in the statement. The changes will improve member engagement and our unique democracy.
The proposals had been recommended in a report by former U.K. Treasury Minister Paul Myners that warned Co-Op Group needed to change its governance structure or risk running out of capital. The mutual, whose businesses range from