Last checked at 14 Jul 2022 15:43
Thursday 14 July 2022
NATIONWIDE BUILDING SOCIETY
Results of AGM and Board changes
The results of the voting at Nationwide Building Society's Annual General Meeting (AGM) held today, Thursday 14 July 2022, at Nationwide House, Pipers Way, Swindon, SN38 1NW are detailed below.
Ordinary Resolutions:
1. To receive the Directors' Report, the Annual Accounts, the Annual Business Statement and the Auditors' Report for the financial year ended 4 April 2022For: 520,365 (98.99%) Against: 5,292 (1.01%) Votes withheld*: 4,037
2. To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) for the financial year ended 4 April 2022
For: 491,513 (94.23%) Against: 30,089 (5.77%) Votes withheld*: 8,097
3. To approve the Directors' Remuneration Policy, the full text of which is contained in the Directors' Remuneration Report for the financial year ended 4 April 2022
For: 487,138 (93.53%) Against: 33,707 (6.47%) Votes withheld*: 8,851
4. To re-appoint Ernst & Young LLP as Auditors until the end of the next AGM
For: 507,514 (97.01%) Against: 15,649 (2.99%) Votes withheld*: 6,516
5. To authorise the Society to apply a maximum ratio of the variable to fixed components of total remuneration for material risk takers of 2:1.
For: 493,941 (95.45%) Against: 23,534 (4.55%) Votes withheld*: 12,208
Election or re-election of Directors
The results of the election or re-election of Directors of Nationwide Building Society are as follows:
Candidate | Votes For | Votes Against | Votes Withheld* |
Debbie Crosbie | 509,105 (97.28%) | 14,215 (2.72%) | 6,358 |
Alan Keir | 504,785 (96.85%) | 16,412 (3.15%) | 8,506 |
Gillian Riley | 509,201 (97.44%) | 13,372 (2.56%) | 7,111 |
Mai Fyfield | 504,760 (96.62%) | 17,644 (3.38%) | 7,286 |
Albert Hitchcock | 504,401 (96.73%) | 17,040 (3.27%) | 8,253 |
Debbie Klein | 506,317 (96.91%) | 16,118 (3.09%) | 7,252 |
Kevin Parry | 504,493 (96.70%) | 17,231 (3.30%) | 7,972 |
Tamara Rajah | 506,090 (96.83%) | 16,569 (3.17%) | 7,027 |
Chris Rhodes | 505,610 (96.91%) | 16,133 (3.09%) | 7,944 |
Phil Rivett | 504,241 (96.73%) | 17,059 (3.27%) | 8,391 |
Gunn Waersted | 503,655 (96.53%) | 18,088 (3.47%) | 7,953 |
Accordingly, all of the Directors standing for election or re-election were elected or re-elected.
*A 'Vote Withheld' is not a vote in law and will not be and has not been counted in the calculation of the proportion of votes 'For' and 'Against' the resolutions or candidates in the election or re-election of Directors.
This year, the Society held its first hybrid AGM with members able to attend in person at Nationwide House, and able to fully participate online, including voting and asking questions by video or text. Members were able to submit questions in advance of the meeting by email and post. The Society also held a virtual live Member TalkBack with Board directors and members of the Nationwide Leadership Team on Thursday 7 July 2022 where members could also ask questions.
Kevin Parry, Society Chairman, said:
"Our AGM is members' opportunity to have their say on the way the Society is run and to vote on the people standing for election or re-election to the Society's Board.
"The AGM remains an important day in our calendar. Despite the challenges of the second year of pandemic, we ended the year in a good place; financially strong, operationally resilient and committed to supporting our members to save, own their own homes and achieve financial security. Our members and colleagues have shown great fortitude and flexibility as we've navigated this unpredictable year together. Our Society remains strongly positioned for the future".
Board changes
We are announcing the following principal Board changes that are effective today:
· Tim Tookey retires from the Board after serving a seven-year term;
· Alan Keir is appointed Risk Committee Chair (subject to regulatory approval); and
· Debbie Klein takes on the role as Employee Voice designated non-executive director on an interim basis to cover Tamara Rajah's maternity leave.
- Ends -
Media information:
Sara Batchelor, 07785 344137, sara.batchelor@nationwide.co.uk
About Nationwide Building Society
Nationwide is the world's largest building society as well as one of the largest savings providers and the second largest mortgages provider in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 16 million customers and members.
Customers can manage their finances in a branch, via the mobile app, on the telephone, internet and post. The Society has around 18,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.