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Lord Myners 'delighted' with Co-op Group vote on reforms

The man who led a review into the Co-op Group, Lord Myners, says he is "delighted" that proposals to change the way the group is managed have been voted through my members.

At a special meeting in Manchester, delegates approved a motion calling for elected board directors and greater powers for individual members.

The group has been mired in controversy, with its banking arm facing near-collapse last year and the resignation of chief executive Euan Sutherland in March.

It posted losses of £2.5bn for 2013.

  • 17 May 2014