Future of British co-operatives rests on radical new thinking

By univ7280. Former CEO Euan Sutherland’s parting shot across the bows of The Co-operative Group (The Group) following his resignation was that it was ‘ungovernable’. Lord Myners’ resignation, following resistance to his reform plans, further substantiates this claim. Both have left a business struggling to cope with mountainous debts and fundamental challenges to its business model. Many have since offered views on how these challenges might be addressed, including the most recent Myners Review (commissioned by The Group), and a host of journalists. What has been lacking to date, however, is these issues placed in proper context. More...