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Articles   >>   Nationwide’s members help raise £200,000 for Macmillan Cancer Support

Nationwide’s members help raise £200,000 for Macmillan Cancer Support

Thursday, July 22 , 2010


Date issued: 22 Jul 2010 Nationwide Building Society: www.Nationwide.co.uk

At Nationwide's Annual General Meeting (AGM), held today at the Queen Elizabeth II Conference Centre in London, the votes of over one million Nationwide members helped to raise £201,744 for its chosen charity, Macmillan Cancer Support. The Society will also make a further donation of 20p for every member who agreed to receive future AGM mailing packs electronically and over 125,000 people have selected this option. The full amount raised for the charity through this second donation will be known in the next few weeks.

The result of the 2010 election of directors for Nationwide Building Society is as follows:

Directors elected/re-elected

Votes
For

Votes
Against

Votes
Withheld

Graham Beale

950823

34319

10686

Chris Rhodes

950689

33616

11511

Mark Rennison

951241

33466

11128

Matthew Wyles

952018

32774

11032

These directors have therefore been elected/re-elected to the Board.

The four resolutions were passed:
1. "To receive the Annual Report and Accounts"
For: 980712 Against: 10140 Votes withheld: 4954
2. "To approve the Directors' Remuneration Report"
For: 921132 Against: 62549 Votes withheld: 12117
3. "To approve the re-appointment of PricewaterhouseCoopers LLP as Auditors"
For: 966314 Against: 22174 Votes withheld: 7285
4. "To approve the amendment to the Rules as stated in the Notice of AGM"
For: 962347 Against: 21590 Votes withheld: 11874

Commenting on the vote, Geoffrey Howe, Nationwide's chairman, said: "In voting, members have helped raise over £200,000 for our flagship charity, Macmillan Cancer Support. The money will be used to help fund Welfare Benefits Advisors based at Citizens Advice Bureaux in Coventry and Grampian, which will make a real difference to many people's lives.

"Members have also shown their support for the Society and our directors who, I believe, have the skills and experience to lead Nationwide to further success in the future."

Nationwide board changes
David Rigney, executive director stood down from the Board as planned, on 21 July 2010 and non-executive directors Stella David and Derek Ross retired from the Board on 22 July 2010, having completed their full terms on the Board. At the AGM Geoffrey Howe thanked all three retiring directors for their contribution to Nationwide over a number of years.

  • Nationwide pledged that, for every member voting in the 2010 AGM, it would pay 20p to Macmillan Cancer Support, subject to a maximum of £250,000.
  • The Society also pledged to donate a further 20p to the charity for every member who agreed to receive their 2011 AGM pack electronically. We already know from early results that this will be at least £25,000 and the total raised for Macmillan by this means will be known in August.



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