According to the report by former City Minister Lord Myners, the Co-operative Group’s current board is "manifestly dysfunctional" and that "radical decisions on governance structure need to be taken very soon - and with resolution - if the Co-op, as my mother knew it, is to be saved."

Outsourcing professional take note!

We at the NOA believe that good governance should be at the heart of every successful outsourcing contract. Get this right and your outsourcing deals have a healthy chance of flourishing, get this wrong and the consequences could be felt for years.

The importance of good governance has increased over the years due to the growing complexity of outsourcing arrangements. Getting the right people, structure and frameworks in place from the get-go is vital and witnessing failures like the Co-op Group should further highlight to outsourcing professionals the importance of governance in outsourcing contracts.

The Co-operative announces plans for 3,000 jobs in Legal Services