Nationwide AGM voting

[ladymuck]

I just remembered to have a look at the outcome of this: https://www.nationwide.co.uk/about-u...s/agm-results/

14. To elect James Sherwin-Smith as a member-nominated candidate

• For: 75,939 (12.49%)
• Against: 532,151 (87.51%)
• Votes withheld*: 10,156

Accordingly, the member-nominated candidate was not 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.

All of the nominated directors standing for election / re-election were elected / re-elected.

[sadkingbilly]

aye, right.

[courtg9000]

Ok, I have taken a little time to look at this. (I'm juggling several bin lids at the moment, so nice to get a little change).
Normally I would stay out of this.
I'm fairly ambivalent about Nationwide even though a member/low key customer (accounts get very little use).
Nationwide tends to do what it says on the tin.
I did have concerns about the appointment of a certain Nationwide chief exec back in the day and voiced them in private circles with listening ears and was proved largely correct.

Nationwide does have a need for a "members - members representative" on its board.

The board is largely competent in my opinion. My opinion of the current SMT is largely the same. I have seen a large number of far worse boards/SMT's

I have had a squint at this chaps CV and also had a chat with a chum who is someone more in the know than I (we needed to speak today about another matter anyway).
This guy seems like a jolly japers chap. The CV is okay and but it is not amazing. At the top end the cv is lacking in my opinion for a directorship at an organisation such as Nationwide.
Nationwide does have members who have this top end and ability and I know of at least two personally. (desire for role and availability are probably another story on this one.)
On this basis I will stay out of it. I will wish him good luck with his endeavours.

[courtg9000]

I'll get him checked out and take a view

[SueEllen]

If you log into the app it has your codes.

Don't have the app.

[Pondlife]

If you log into the app it has your codes.

[mudskipper]

The boy has improved member engagement already!

[SueEllen]

F

I now have to dig out my paperwork.

I gave up voting as the board gets what the board wants.

[ladymuck]

I saw the email yesterday and was going to see what rationale the board had for a no vote. My immediate instinct was "don't tell me what to do!"

[mudskipper]

Nothing to do with contracting

Most of us ignore elections for directors for financial organisations, but if you're a Nationwide member, pay a little more attention. For the first time in over 20 years a member has been nominated to the board. The board have recommended to vote against his appointment and provided a quick "accept board's recommendations" box for the lazy. Anyway I reckon he deserves a crack, so if you're a member, do have a look at the voting papers and perhaps make the effort to support a member being on the board of what is supposed to be a membership organisation. You can scan the QR code in your pack and do it with a couple of clicks.

https://www.theguardian.com/business...fair-treatment