Charity benefits from AGM vote
Your AGM votes secure a donation of £150,000 to Shelter, the housing and homelessness charity
18 July 2014: Nationwide has held its 2014 Annual General Meeting (AGM) at Bournemouth International Centre. Formal proceedings began with a welcome from Geoffrey Howe, Nationwide’s Chairman, followed by a short presentation from Graham Beale, Chief Executive, who reviewed the Society’s performance over the last 12 months.
Members attending the event were then invited to participate in a question and answer session with a broad range of Society topics being discussed.
Eligible members have been voting since 16 June 2014, via post or online, and members were also able to cast their vote by coming to the AGM itself. Members were given the opportunity to vote for the re-election of directors, to approve the Remuneration Report and Remuneration Policy and to re-appointment PriceWaterhouseCoopers as the Society’s auditors.
The votes were counted at the AGM by independent scrutineers at Electoral Reform Services and final results announced shortly after the meeting closed. Full details can be found here.
Donation to Shelter
Not only were members voting on key decisions affecting your Society, they were also supporting our citizenship strategy as we donated 20p for each vote cast to Shelter, the housing and homelessness charity. In addition to this, for everyone who registered to receive their AGM materials by email in future, we gave a further 20p to Shelter.
Your votes have raised a donation of £150,000 so a big ‘Thank you’ to everyone who responded. The additional amount raised from the number of members choosing to receive materials via email is around £21,000 and so Shelter will receive a total donation of around £171,000.
Exercising your right to vote is very important
Commenting on the vote, Geoffrey Howe, Chairman of Nationwide said: "Exercising your right to vote is very important, and many of you have done so again this year. Those who responded have shown strong support in favour and you’ve enabled us to contribute to charity work that is so important.
“Many families in the UK are struggling to make ends meet and this could, and does, result in countless people becoming homeless. Shelter’s work to provide the support and assistance these people need is invaluable and can make a significant and positive impact on hundreds of families.”
Members who attended the AGM also used their tokens to select the Dorset and Somerset Air Ambulance as the charity to receive £5,000 from the Community Match donation scheme. The other nominated charities, Julia’s House Hospice and the Lewis-Manning Hospice will each receive a £1,000 donation from Nationwide.
The AGM is one of a number of ways in which members can get involved in the Society. Other ways include; Online Member TalkBack, regional face-to-face Member TalkBacks, Market Research and the Member Suggestions Scheme which is available here on Your Nationwide and in our branches.