We'd like to thank all our members who participated in the 2008 Annual General Meeting vote, and for the overwhelming support you have given to the Board's recommendations. This year over 121,520 members voted, which represents 19.6% of our eligible membership.
The results of the Resolutions proposed at our recent Annual General Meeting are shown below:
| |
For |
Against |
Withheld |
% in favour |
| Ordinary Resolutions |
| Annual Report and Accounts |
118,939 |
1,558 |
964 |
98.71 |
| Directors' Remuneration Report |
111,696 |
6,897 |
2,862 |
94.18 |
| Re-appointment of Auditors |
117,893 |
2,490 |
1,076 |
97.93 |
| Election of Directors |
| Bridget Blow |
115,228 |
4,222 |
2,065 |
96.47 |
| Ian Pickering |
115,968 |
3,696 |
1,850 |
96.91 |
Ordinary Resolutions
These were passed on a show of hands by the members who attended the Annual General Meeting held on 10 April 2008. The table shows the number of proxy votes received, which would have been used if a poll had been required at the meeting.
Election of Directors
The table shows the votes cast by proxy and at the meeting. Both of the Directors were elected, receiving substantially more than the 50% endorsement required from members voting.
To ensure fairness and accuracy, this vote was independently scrutinised by the highly respected organisation Electoral Reform Services, part of the Electoral Reform Society.
The Board values your support and we're proud to continue to serve your interests. We're committed to taking care of our members while taking care of their money. That's why we're determined to remain a building society, working for your interests - not those of outside shareholders.
We hope that you'll continue to support the Society and use your right to vote at future Annual General Meetings.
Charity of the Year
This year our members voted for our Charity of the Year for 2008 from a shortlist of three charities nominated by our staff.
We pledged that each charity would receive 10p for every vote it received. Thanks to you, a total of £11,763 will be distributed between the three charities. The winning charity with 73,217 votes is Macmillan Cancer Support.