Elect James Sherwin-Smith to represent Nationwide building society members
Why the building society’s remuneration vote is advisory, dominated by the Quick Vote, and supported by just 4% of members. At last year’s AGM, the increased package for the CEO of up to £7m was branded by one member as an “obscenity”, as reported at the time in The Guardian. Private Eye noticed at the […]
Ben Marlow (Associate Editor), writing in the Telegraph, in the run up to the 2025 AGM: The mutual’s readiness to ride roughshod over the will of its members goes against everything it claims to be Who said banking was boring? One glance at Nationwide’s website and you might wonder if you were in the company […]
Michael Bow, Chief City Correspondent, writing in The Telegraph ahead of the 2025 AGM: Building society under fire over claims it is stopping ordinary members from joining board Nationwide is facing a backlash over boardroom cronyism after claims it has rebuffed attempts to allow ordinary members of the building society to join its board. The […]
Kalyeena Makortoff, writing in The Guardian today, has highlighted Nationwide’s blatant double standard when it comes to executive pay. Nationwide is arguing that its executives should be paid in a comparable way to executives at large UK banks, but as Nationwide is a building society, members should not be granted a binding vote on the […]
Private Eye (issue 1652, page 8) draws attention to the award of a damehood to Debbie Crosbie, Nationwide CEO, under the title of “KING’S BIRTHDAY TREATS: Honours round-up.” If you’re a Nationwide member, and don’t agree with paying a mutual society CEO 280x what a junior member of staff receives, you may want to use […]