2012 donation provides more vital support to Macmillan Cancer Support
19 July 2012: Nationwide has held its 2012 Annual General Meeting at Bridgewater Hall in Manchester. Once again an invitation to attend had been extended to all the Society’s eligible voting members and almost 200 members arrived to vote and to put questions to the Chairman, Chief Executive and other Directors of the Society.
Geoffrey Howe, Nationwide’s Chairman, opened the meeting and introduced Graham Beale, Chief Executive, who presented a short overview of the Society’s performance over the last 12 months before the members’ question and answer session.
The AGM is one of a number of ways in which members can get involved in the running of the Society. Eligible members, including all those who could not attend the AGM event itself, were given the opportunity to vote for the election/re-election of directors and to approve the Remuneration Report. This year members also voted on a Special Resolution to change the rules and enable the Society to issue a new form of capital raising instrument in line with regulatory requirements. All of those seeking election or re-election were approved, along with the Remuneration Report, the Special Resolution and the re-appointment of the auditors.
Those who could not attend the AGM itself have been voting by post or online since 18 June 2012.
A donation of 20p for each vote received is being given to the Society’s flagship charity, Macmillan Cancer Support. So this year that is a total donation by Nationwide of over £170,000 thanks to our members’ response.
The votes were counted and results were announced shortly after the meeting. Full details can be found here.
Commenting on the vote, Geoffrey Howe, Nationwide's Chairman, said: "We are pleased that members have used their vote again this year, not only in support of our Board, the ordinary resolutions and the special resolution, but also because voting will once again have helped Macmillan Cancer Support, with whom we have had a nineteen year fundraising partnership.