The Co-op has been urged to back radical forms suggested by Lord Myners, that will sweep away the "dysfunctional" board which presided over the company's near collapse.
In an interview with Business Editor Joel Hills, Lord Myners said his recommendations needed to be implemented swiftly to enable the business to survive and thrive.
** More: Report highlights 'deplorable governance failures'**
Former Co-operative Bank boss Paul Flowers scuffled with photographers and reporters as he left Leeds Magistrates' Court today.
The 63-year-old was confronted by members of the media who he had called "vultures" earlier in the day.
Former Co-operative Bank boss Paul Flowers was today fined £400 and ordered to pay £125 in costs after pleading guilty to drug possession.
Former Co-operative Bank boss Paul Flowers today pleaded guilty at Leeds Magistrates' Court to drugs possession
Disgraced former Co-operative Bank boss Paul Flowers has arrived in court to face drug possession charges.
The minister, suspended by the Methodist Church and Labour Party, arrived early for court and was forced to stand on the street for five minutes surrounded by photographers and TV cameras.
He called the group of journalists scrambled around him "vultures" and said:
"Don't ask me any questions because I won't give any answers."
Flowers, 63, stepped down as the Co-op Bank's chairman in June amid claims of illegal drug use and inappropriate expenses payments.
Former Co-operative Bank chairman Paul Flowers is due to appear in court today charged with possessing drugs including cocaine and crystal meth.
The minister is set to appear at Leeds Magistrates' Court following his arrest in the Liverpool area last year.
Flowers, 63, stepped down as the Co-operative Bank's chairman in June amid claims of illegal drug use and inappropriate expenses payments.
He was also suspended by both the Methodist Church and the Labour Party.