Co-op members vote in favour of radical reforms

Co-operative members have unanimously voted in favour of Lord Myners' far-reaching reforms at a special meeting today.

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Cable: Radical solutions needed to get Co-op on track

A vote in favour of reforming the Co-operative Group is a step in the right direction, the Business Secretary has said, after its members voted "unanimously" for the overhaul.

Business Secretary Vince Cable Credit: PA

Vince Cable said: "Lord Myners has identified the key problem of governance and ensuring a consumer base of millions is democratically represented in ways that ensure professional, competent management.

"It is in this latter area that the Co-op has fallen short and why radical solutions are needed to get the Co-op back on track."

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