Relationships at heart of good practice

FT Column

1 min read

Stefan Stern reports on the most notable findings from our series of debates called “The Board is Dead; Long Live the Board”.

When Euan Sutherland resigned as chief executive of the Co-operative Group this month, he declared the organisation to be “ungovernable”.

It was a remarkable statement from someone who was being paid a lot of money to lead and help to govern.

The trouble started – as it often does – at the top, with the Co-op’s unusual quasi-democratic structures. But even in the more clearly regimented and certainly less democratic world of the plc, governance remains a constant challenge...

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