LINCOLNSHIRE Co-operative has held a special members' meeting to change its rules in line with the Co-operative Commission recommendation to provide for the appointment of external independent directors.
Members approved the proposal by 92 votes to 3. Future Lincolnshire boards will comprise nine elected directors, of whom a maximum of three may be employees plus up to three appointed directors, who would be recruited to fill any skills gaps.
At the same time, the society is intending to provide a comprehensive training programme for those members expressing an interest in standing for the board, so that by the time they are elected they will already have an understanding of many aspects of co-operative governance and finance.
Lincolnshire Co-operative's Group Secretary, Jane Powell told www.thenews.coop: "Lincolnshire has always taken corporate governance very seriously and the board has made this move to ensure that they remain at the cutting edge and embrace current best practice".