Will Co-op officials vote themselves out of power?
Lord Myners wants the Co-op Group's elected officials to make what they may see as the supreme sacrifice - in voting for reforms that would give them a lot less power, and would give executives, professional non-executives and millions of Co-op members more power.
But the former City minister and ex fund-management boss, hired by Co-op to recommend changes to the way this sprawling mutual is governed and managed, fears that failure to adopt the reforms would be catastrophic.
He argues that it was the commercial naïveté of the elected officials that almost destroyed the group, by permitting Co-op Bank to manage itself in a near suicidal way, and by approving the too-expensive takeover of the Somerfield supermarket chain.
They failed to rein in dangerous ambition - and because Co-op has no conventional shareholders, because it is a mutual, the institutions of the City of London failed to restrain the Co-op in any way (not that these institutions would be seen as models of intelligent oversight for public companies, but maybe they are better than nothing).
Myners says Co-op Group only avoided total collapse by the skin of its teeth and thanks to the exhausting and exhaustive efforts of the executive team - who was led by Euan Sutherland till Tuesday, when he quit in frustration at what he saw as the intransigent opposition to reform of the elected officials.
Morrisons and the threat to mainstream supermarkets
Euan Sutherland on why he quit the Co-op Group
I have spoken to Euan Sutherland about why he quit as chief executive of the Co-operative Group.
And he insisted that his resignation had been long considered, even though he had only been in the job for just over ten months.
Sutherland offers to resign
Euan Sutherland has tendered his resignation in a letter to Co-op Group's chairman, Ursula Lidbetter, having become concerned that the sprawling mutual, with its democratic structure, is unmanageable.
An emergency telephone board meeting was convened last night to talk him out of it. In a meeting that lasted from 20:00 to 23:00 GMT, the board agreed that a new, more conventional, board would be put in place, that would allow the Co-op to be managed in a more conventional way.
Who judges the Bank of England?
MPs on the Treasury Select Committee have profound doubts about whether the Bank of England, with all its sweeping economic and regulatory powers, is subject to sufficient checks and balances - whether its governance is adequate.
These concerns have been sharpened by last week's disclosure that the Bank had suspended an employee, following allegations that it was aware eight years ago of suspected manipulation of the multi-trillion-dollar foreign exchange market.
Barclays' bonus muddle
Here is an odd thing.
When I talk to Barclays' directors and also to regulators about how much that bank allocated to pay what it calls incentives - or bonuses, in most people's parlance - they say that the value of the incentive pool fell 18% to £2.5bn.
Should Crimea be leased to Russia?
Analysis by Robert Peston, business editor
Is there a commercial solution to the crisis in Ukraine?