Co-op director quits due to board leaks

Tim Wallace
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BOARD director Stuart Ramsay resigned his position at the Co-operative Group last night after an investigation into leaks of confidential board information.

Ramsay’s exit is the latest in a string of embarrassing revelations for the embattled mutual business, and comes ahead of another report into the governance failings which led to the near-collapse of the Co-op Bank last year.

Group chief executive Euan Sutherland resigned last month after less than a year in the role after a leak made his pay package public, undermining his authority.

And Lord Myners, who is creating an alternative system of governance for the group, was also his by leaks of private information.