Nationwide Building Society AGM Results 2018

20 July 2018

The results of Nationwide Building Society's Annual General Meeting (AGM) held today, 19 July 2018, at Nationwide House in Swindon are detailed below.

Ordinary resolutions:

1. To receive the Directors’ Report, the Annual Accounts, the Annual Business Statement and the Auditors’ Report for the year ended 4 April 2018

For: 586,192 (98.86%)
Against: 6,730 (1.14%)
Votes withheld*: 5,628

2. To approve the Directors' Remuneration Report for the financial year ended 4 April 2018

For: 534,342 (90.75%)
Against: 54,448 (9.25%)
Votes withheld*: 9,743

3. To approve the re-appointment of PricewaterhouseCoopers LLP as Auditors until the end of the next AGM

For: 558,118 (94.89%)
Against: 30,042 (5.11%)
Votes withheld*: 10,402

Election or 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
Gunn Waersted 567,992 20,123 10,447
Rita Clifton 568,774 20,240 9,528
Mai Fyfield 565,442 22,901 10,206
Joe Garner 562,542 25,962 10,031
Mitchel Lenson 567,377 20,299 10,883
Kevin Parry 566,549 21,022 10,994
Lynne Peacock 569,954 19,407 9,182
Usha Prashar 564,192 24,193 10,160
Tony Prestedge 563,760 23,897 10,891
Mark Rennison 565,746 22,464 10,343
Chris Rhodes 564,228 23,475 10,848
David Roberts 567,835 20,527 10,185
Tim Tookey 565,015 22,199 11,339

Accordingly, all of the Directors standing for election/re-election were elected and re-elected.

Welcoming members to Nationwide’s head office in Swindon, David Roberts, Nationwide's Chairman, said:

“Nationwide’s difference lies in our mutuality. Our distinct purpose and values, and the fact that we are owned by our members, makes us genuinely different from our banking peers.

“As a member-owned Society, we engage with our members all through the year, as well as at our AGM, so that their views inform the decisions we make. Each member has an equal vote on decisions brought to the AGM and we’re encouraged by members’ strong support for all the Resolutions recommended by the Board at today’s AGM. Each resolution passed with over 90% of votes cast in favour.”

Commenting on the Society’s performance, the Chairman said: “We’re exceptionally proud to have led our high street peer group on service satisfaction for the last six years1, and to have been named Which? Banking Brand of the Year 2018 for the second year running. In the last year we delivered over half a billion pounds of extra value to members through better rates, fees and incentives than the average of the market and our capital base and leverage ratios are at all-time highs. The Board looks to the future with great confidence.”

David Roberts concluded: “I’d like to thank our members, for their support and loyalty to the Society over many years.”

1 Source: © GfK 2018, Financial Research Survey (FRS), 6 year lead held over period 12 months ending 31 March 2013 to 12 months ending 31 March 2018. Each monthly data point contains customer feedback referring to previous 12 months. Proportion of extremely/very satisfied customers minus proportion of extremely/very/fairly dissatisfied customers summed across current account, mortgage and savings. High street peer group defined as providers with main current account market share >4% (Barclays, Halifax, HSBC, Lloyds Bank (inc C&G), NatWest, Santander and TSB). Prior to April 2017, high street peer group defined as providers with main current account market share >6% (Barclays, Halifax, HSBC, Lloyds Bank inc C&G (Lloyds TSB prior to Apr 15), NatWest and Santander).

About Nationwide

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 customers.

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.

Please note: If you are a customer looking for information on our products and services, please visit the main website.