The Co-operative Group has announced proposals to reform the Society’s governance structure.
The proposals, which follow a period of consultation with the Society’s members, have been reflected in a proposed new Rule book which will be put to a vote at a Special General Meeting on 30 August 2014.
The four key principles, as set out in the Resolution, are:
- The creation of a Board of directors elected by members that is individually and collectively qualified to lead an organisation of the size and complexity of The Co-operative Group
- The establishment of a structure that gives the Co-operative Group’s members appropriate powers to hold the Board properly to account for the performance of the business and adherence to co-operative values and principles
- A move to the concept of ‘one member one vote’ with appropriate representation for independent Co-operative societies
- The inclusion of necessary provisions in the Rules of the Co-operative Group to protect against de-mutualisation
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- Co-op's resolution reached in May 2014 on reforming the governance structure
- Proposed new rules of Co-op's governance structure
- Explanatory notes to the proposed new rules.
- Notice of proposed special meeting the discuss the proposed rules
Co-op Group chair Ursula Lidbetter said: "These governance reforms represent the final crucial step in delivering the necessary change to restore the group and return it to health. This has been a process built on co-operation, focusing above all on creating a society where every member has a voice in shaping the group's future. I would like to thank our members for their engagement in building a governance structure that strengthens the society and enhances member engagement and our unique democracy."