Co-op members vote to back radical changes

Chair hails 'momentous and defining moment' as 83% back proposals drawn up after £2.5bn losses

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

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 £2.5bn losses.

Continue reading...



Source Network Front | The Guardian http://ift.tt/1wSq7fi

http://ift.tt/eA8V8J