19 July 2012
At Nationwide Building Society’s Annual General Meeting (AGM), held today at the Bridgewater Hall in Manchester, the votes of over 867,000 Nationwide members helped to raise a total of over £170,000 for Macmillan Cancer Support.
The following three resolutions were passed:
1. To receive the Annual Report and Accounts
For: 847,481 Against: 10,816 Votes withheld: 8,830
2. To approve the Directors’ Remuneration Report
For: 745,874 Against: 104,904 Votes withheld: 16,255
3. To approve the re-appointment of PricewaterhouseCoopers LLP as Auditors
For: 827,367 Against: 27,088 Votes withheld: 12,636
The following Special Resolution was passed:
4. To consider and pass a Special Resolution to change the Society’s rules enabling Nationwide to issue a new form of capital instrument to comply with latest regulatory requirements
For: 814,210 Against: 28,446 Votes withheld: 24,471
Election and Re-election of Directors
The results of the election/re-election of Directors for Nationwide are as follows:
Accordingly, all of the Directors standing for election/re-election were elected/re-elected (as appropriate).
Commenting on the vote, Geoffrey Howe, Nationwide’s chairman, said: “In voting, members have helped to raise a total of over £170,000 for our nominated charity, Macmillan Cancer Support. Members have also shown their continued support for the Society and our directors who have successfully guided Nationwide through the challenging economic environment. I would like to thank our members for this support and assure them we will continue to strive to deliver excellent long term value and outstanding customer service.”
Nationwide board changes
Non-Executive Directors Suzanna Taverne and Robert Walther retired from the Board at the conclusion of the AGM. At the AGM Geoffrey Howe thanked them both for the significant contribution they have made. Robert Walther’s role as Chairman of the Remuneration Committee will be taken over by Lynne Peacock. Roger Perkin will become the Senior Independent Director. Rita Clifton also joined the board as a Non-Executive Director on 1 July 2012.
Notes to editors:
This information is provided by Nationwide Building Society. For more information visit www.nationwide.co.uk
Nationwide pledged that it would donate 20p for every qualifying vote cast and donate the total amount to Macmillan Cancer Support, subject to a maximum of £250,000.
About Nationwide Building Society
Nationwide is the world's largest building society as well as one of the largest
providers and a top-three provider of
mortgages in the UK. It is also a major provider of
Nationwide has around 15 million members.
Customers can manage their finances in branch, on the telephone, internet and post. The Society has around 15,000 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.
Since the credit crunch began in 2007, Nationwide has remained profitable against a very difficult economic environment. In the year ending April 2012 Nationwide made a strong underlying profit of £304 million – up 10% from the previous year.