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Nick Eyre critical of the Co-op's governance structure
date:Jul 15, 2014
Nick Eyre, the former secretary of the Co-op group, believes the company must overhaul its governance structure after management last year made unregulated decisions resulting in a notorious 2.5 billion loss.

The Co-op risks repeating its errors if it green-lights a proposal to allow a board sub-committee (made up of management and its appointees) to select the firm's directors:

If management and an existing board take on this power to hire and fire this ceases to be a co-operative and instead

12/21 23:55