Results of AGM and Board changes

RNS Number : 1831G
Nationwide Building Society
22 July 2021
 

Thursday 22 July 2021

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 22 July 2021, 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 2021
For: 534,156 (99.05%) Against: 5,145 (0.95%) Votes withheld*: 4,139


2. To approve the Directors' Remuneration Report for the financial year ended 4 April 2021

For: 505,650 (94.48%) Against: 29,522 (5.52%) Votes withheld*: 8,276

 

3. To re-appoint Ernst & Young LLP as Auditors until the end of the next AGM

For: 520,659 (97.00%) Against: 16,100 (3.00%) Votes withheld*: 6,694

 

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 Klein

522,782

14,192

6,441

Tamara Rajah

521,663

15,387

6,374

Mai Fyfield

520,443

16,461

6,525

Joe Garner

518,746

17,091

7,581

Albert Hitchcock

519,891

15,549

7,996

Kevin Parry

518,149

17,107

8,172

Chris Rhodes

519,878

15,739

7,806

Phil Rivett

518,418

16,583

8,420

David Roberts

518,806

16,775

7,841

Tim Tookey

518,734

16,423

8,281

Gunn Waersted

519,107

16,968

7,351

 

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, due to the coronavirus pandemic, the Society held its AGM with the minimum number of directors and colleague members required to form a quorum. Members were able to submit questions in advance of the meeting by email and post, watch the formalities via livestream and ask questions in real-time during the event. The Society also held a virtual live Member TalkBack with Board directors and members of the Nationwide Leadership Team on Thursday 15 July 2021 where members could also ask questions.

David Roberts, Society Chair, said :

"The AGM remains an important day in our calendar. Despite the challenges of the 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 and our Society remains strongly positioned for the future".

Board changes

We are announcing the following principal Board changes that are effective today:

· Rita Clifton retires from the Board after serving a nine-year term;

· Phil Rivett is appointed Audit Committee Chair, with Kevin Parry remaining in the role of Senior Independent Director;

· Tamara Rajah takes on the role as Employee Voice designated non-executive director, with Mai Fyfield remaining Remuneration Committee Chair; and

· Debbie Klein joins the Remuneration Committee.

- 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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
RAGDZGZNFZVGMZM
UK 100

Latest directors dealings