Comment: Myners review gives Co–op both barrels

Comment: Myners review gives Co–op both barrels
 

Lord Myners has not pulled any punches in his independent review of the Co-operative Group. It is the nearest thing to a boardroom disembowelling we have had for some time.
Myners says the Co-op board is not up to the job of restoring the fortunes of the 150-year-old mutual, is massively unwieldy and that some members are reluctant to accept necessary cultural change, partly to protect their self-interest. He sounds pretty on the money to me.
The board, riven with infighting, a drug-taking religious chairman, and having driven its chief executive to quit in sheer exasperation at breaches of... read more

 
8 May 2014 in Business, Views: 30
Source: Scotsman
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