quick vote

Executive Pay at Nationwide: When a Member Vote Isn’t Really a Vote

By James Sherwin-SmithPosted on 9 March 2026

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 […]

Nationwide: pay us like us bankers – just don’t hold us accountable like bankers (The Guardian)

By James Sherwin-SmithPosted on 7 July 2025

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 […]