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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.

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Co-op group members back radical shake-up

A radical shake-up of the way the Co-operative group is run has been approved by its members.

A general view of a Co-operative food store, in the Strand, central London. Credit: Nick Ansell/PA Archive

At a special general meeting in Manchester, the crisis-hit company said 83% of votes were cast in favour of proposals drawn up in the wake of last year when the group racked up £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.

The new governance structure includes the creation of a smaller board of directors and a move to a one-member one-vote system.

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