Nationwide's members help raise over £170,000 for Macmillan Cancer Support

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.


Ordinary Resolutions

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

Special Resolution

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:

Candidate Votes For Votes Against Votes Withheld
Mitchel Lenson 815,672 30,903 20,530
Lynne Peacock 815,219 33,131 18,720
Graham Beale 807,232 40,190 19,669
Alan Dickinson 806,502 39,875 20,729
Geoffrey Howe 803,708 43,043 20,311
Michael Jary 809,585 36,975 20,548
Roger Perkin 810,215 36,011 20,888
Tony Prestedge 809,732 36,765 20,595
Mark Rennison 809,254 37,461 20,390
Chris Rhodes 809,406 37,028 20,706
Matthew Wyles 810,871 35,713 20,542

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

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 savings providers and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. 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. 

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