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Co-op Group's board 'dysfunctional', says Myners

7 May 2014 Last updated at 23:47 BST

The Co-operative Group should adopt a much smaller board and focus on being profitable in order to survive, according to a major review of the 150-year-old organisation.

The report by former City Minister Lord Myners says the group's current board is "manifestly dysfunctional".

He recommends replacing it with a smaller board made up of people with business experience.

Kamal Ahmed reports.