Members of the Co-operative Group have voted in favour of a shake-up over the way it is run. Detailed reforms including rule changes will still have to voted on at a later date and will require at least 66 percent support. The four point resolution has called for:
- The creation of a board of directors ''qualified to lead an organisation of the size and complexity of the Co-operative Group''.
- A move to the concept of ''one member one vote'', but with ''appropriate representation'' for the Co-op's independent societies.
- Establishment of a separate structure which will give the group's eight million members powers to hold the board to account for the performance of the business and ''adherence to co-operative values and principles''.
- Rules to protect against any ending of the group's mutual status.
More top news
The British Army's first ever female major general said she is "very honoured" by her new role.
Nick Kyrgios risks a heavy fine after going into a sulk and appearing to stop trying during his Wimbledon fourth-round match
Serena Williams may have ended her big sister Venus' best chance for an eighth major title to keep her calendar grand slam bid on track