Elect James Sherwin-Smith to represent Nationwide building society members
Alongside delivering the required nominations, and a £500 deposit, candidates for election to the board have the opportunity to include an election address of up to 500 words. This is as per Rule 31 of Nationwide’s Memorandum and Rules and Section 61 of the Building Societies Act (1986), as amended. Below the line is the […]
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 […]
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 […]
[Updated 29 March 2026] I have the opportunity to include an Election Address of no more than 500 words in support of my candidacy under Rule 22 of Nationwide’s memorandum and rules (see: Process to nominate and elect a Director of Nationwide). The Society Secretary has therefore asked me to deliver this to him at […]