Former Channel Islands Co-op CEO awarded £3.5m in compensation

Channel Islands Co-op

The Co-op’s conduct was described by Macleod’s lawyer as ‘a catastrophic failure in corporate governance’

The former CEO of the Channel Islands Co-operative Society (CICS), Colin Macleod, has been awarded £3.5m in compensation and damages after Jersey’s Royal Court ruled the Co-op ”breached its duty of care”.

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