Elect James Sherwin-Smith to represent Nationwide building society members
Sky News has learnt that James Sherwin-Smith, who has been a vocal critic of Nationwide’s attempts to obstruct his efforts to join its board, held a telephone conversation with Jason Wright, the building society’s group secretary, during which […]
Nationwide building society is axing 600 jobs in the first major round of cuts linked to its controversial takeover of the high street bank Virgin Money. The move affects Nationwide and Virgin Money staff, whose roles are due to be duplicated once the lenders’ operations are fully merged.
The first building society began in a Birmingham pub. Now member-backed candidate James Sherwin-Smith is asking whether Britain’s biggest mutual still belongs to the people who own it.
This sum comprised a fixed salary of £1.2 million and bonuses amounting to £3.2 million, supplemented by a pension allowance and other benefits. The company’s pay committee said it was “comfortable that remuneration outcomes reflect the society’s excellent performance”. Nationwide made a pre-tax profit of £1.49 billion for the year to the end of March, which was down from the £2.3 billion reported the previous year.
In the latest TV ad from Nationwide poking fun at its shareholder-owned rivals, the self-important bank boss played by Dominic West grumbles “I deserve a bonus” when he’s told the building society is doling out £100 payments to millions of members. Just wait until he hears about the awards the mutual has handed to its chief executive.
Nationwide building society has nearly doubled the pay packet of its chief executive, Debbie Crosbie, a year after the board pushed through a controversial bonus scheme for its top boss. The mutual, which is owned by its members, released its annual report on Monday, showing Crosbie was handed £3.2m in bonuses – a combination of payouts for annual and longer-term performance – up from £1.1m a year earlier. It pushed her overall pay packet to […]
The boss of Nationwide has seen her pay almost double since the building society’s blockbuster takeover of Virgin Money. Debbie Crosbie, who has steered the mutual since 2022, bagged a £4.7m pay packet in the last financial year, up from £2.5m the year prior. Nationwide has found itself in a new controversy of the last few months after being accused of picking an “unfair fight” with one of its members who has sought to clinch a seat on the building society’s board. […]
The boss of Nationwide has seen her pay packet nearly double as she cashed in on bonus awards after steering the building society’s multi-billion pound acquisition of Virgin Money.
But the building society is facing criticism over its handling of the first member-nominated candidate to stand for election to sit on its board. […]
The boss of Nationwide saw her pay nearly double last year despite concerns about banker-style bonuses at the mutual. Dame Debbie Crosbie, who steered Nationwide’s takeover of Virgin Money, saw her pay increase from £2.49m to £4.70m for the year ending March 2026 after her bonuses tripled. According to the latest accounts for the building society, it makes Dame Debbie the […]
The boss of Nationwide’s pay package has nearly doubled over the past year after Britain’s biggest building society almost tripled her maximum bonus entitlement to more than £3 million. Dame Debbie Crosbie received total remuneration of nearly £4.7 million in the year to March 31, up from £2.49 million over the previous 12 months, Nationwide announced in its annual report on Monday. She is also in line for […]
FOR IMMEDIATE RELEASE
8TH JUNE 2026, LONDON — James Sherwin-Smith is the first Member-nominated candidate to stand for election to Nationwide’s Board in more than twenty years and the only candidate standing who has not been selected by the Board.
Dame Debbie Crosbie’s remuneration jumps from £2.49m to £4.67m – and for brokers, the more pressing question is what today’s results say about the lender that now holds one in six UK mortgages.
On Tuesday 9th June at 18:00, James will be joining Andy Agathangelou, founder of the Transparency Task Force, for a deep-dive discussion into governance, democracy and accountability inside the UK mutual sector.
Dear Supporter, I wanted to update you on a major development in the campaign for greater accountability and member representation at Nationwide. Yesterday, after a piece published in The Times regarding the extended delay, Nationwide formally confirmed that the Board will NOT be recommending my candidacy for election to the Board at this year’s AGM. […]
The rebel Nationwide customer campaigning to join the building society’s board has accused it of orchestrating an “unfair fight” after the mutual urged its members to oppose him.
Britain’s biggest building society said on Thursday it was recommending that its members vote against James Sherwin-Smith’s election as a director at its annual meeting in mid-July because its board had concluded […]
Nationwide has been accused of picking an “unfair fight” with one of its members who has sought to clinch a seat on the building society’s board. The mutual has opted […]