I wrote a piece over at Pioneers’ Post last week ahead of Saturday’s AGM of the Co-operative Group, which amongst other things voted on the principles put forward to guide reforming the Group’s ridiculous governance system.
One of the things Paul Myners made a point of in the presentation of his plans was that governance in co-operatives suffers from the lack of threat from hostile takeover as shareholders pissed off with the direction the business is going get out.
So, then farewell, Lord Myners. You were brought in to reform the Co-op and bring your political skills to bear, and then engaged in one of the most cack-handed processes to reform an organisation I’ve ever seen; less the action of a skilled operator and more a power grab in the manner of Senator…
Paul Myners is conducting a review of Governance of the Co-operative Group in the wake of the near-insolvency caused by the problems at the Bank. There’s a great deal of reservation about the thrust of the review amongst…
The Guardian have published a piece I’ve written on how the Co-operative movement engages in politics, focussing on the link with Labour via the Co-operative Party.