1. National

Co-op members back radical shake-up in landmark vote

A radical shake-up of the way the crisis-hit Co-operative group is run has been backed by its members following a landmark vote today.

At a special general meeting in Manchester, the Co-op said 83% of votes were cast in favour of proposals drawn up in the wake of a disastrous period last year when the mutual racked up record £2.5 billion losses.

The plans include reform of the food-to-funerals group's board structure, with elected directors - including the likes of a plasterer, engineer and retired deputy head teacher - largely replaced by professional business people.

View all 2 updates ›

Co-op chair speaks of 'defining moment for the group'

The vote on a radical shake-up of the way Co-operative group is run is "a momentous and defining moment" for the group, Co-op chair Ursula Lidbetter said.

Co-op group members have backed radical shake-up. Credit: PA Wire

These reforms represent the final crucial step in delivering the change necessary to return the group to health. This will strengthen the society and enable us to move forward with the urgent work to rebuild the business and deliver on our renewed purpose, in the interests of all our colleagues and our millions of members and customers.

– Co-op chair Ursula Lidbetter

The changes to the group's governance were backed by its members following a landmark vote.

More top news