Flagging Co-op loses its head

The Co-operative Group “confronts profound financial and strategic challenges”, says Lord Myners – who last week resigned from its board after being brought in in December to advise the group – in The Guardian. “The consequences of not addressing this do not bear contemplation by those who care about the group or who depend on it.”

After the Paul Flowers scandal, Myners proposed reforms that would simplify the mutual’s governance, making it more like a publicly listed company. These are due formally to be voted on next month.

The Daily Telegraph’s Anthony Quinn thinks that Myners’ departure “sums up [...]

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