Annual General Meeting

Our priority is always the safety of our Members and colleagues, which means we had to take the difficult decision to run our AGM differently this year and behind closed doors.

We’re fortunate that some of our colleagues who are classed as key workers, were also eligible Members and so attended the meeting, fulfilling our legal requirements. We know this will have been disappointing to Members, however hope that you understand and agree with the approach. It’s important you still have the chance to hear from our Chairman and Interim CEO and so below you will find the speeches for you to listen to.

Thank you to all of our Members who voted. You can view the resolutions below.

In this challenging time, please continue to take care of yourselves and your loved ones and we look forward to resuming normal service as soon as possible.

If you’d like to hear some of the questions from our AGM and read our Frequently Asked Questions, click on the green button below.

Questions from the AGM

Listen to the speeches made by our Chairman, Laurie Adams and Interim CEO, Michael Jones

Click on the image to play the recording

Transcript of the speech made by our Chairman, Laurie Adams Click here to download a PDF transcript

Transcript of the speech made by our Interim CEO, Michael Jones Click here to download a PDF transcript

Voting Results

	Resolution	For	Against	Withheld	For %
1	To receive the Auditors' Report.	20,114	297	253	98.58
2	To receive the Annual Report & Accounts.	20,128	297	243	98.58
3	To re-appoint Deloitte LLP as auditors.	19,488	845	365	95.93
4	Election of Directors:
4 (a)	To re-elect Laurence Philip Adams	19,419	815	425	96.06
4 (b)	To re-elect Nigel Charles Annett	19,379	744	417	96.41
4 (c)	To re-elect Thomas Denman	19,459	702	408	96.61
4 (d)	To elect Debra Elizabeth Evans-Williams	19,324	804	434	96.11
4 (e)	To re-elect Claire Andree Hafner	19,432	719	408	96.53
4 (f)	To re-elect Julie-Ann Haines	19,553	696	361	96.65
4 (g)	To re-elect Derek Anthony Howell	19,249	814	452	96.06
4 (h)	To re-elect Robert Michael Jones	19,467	714	394	96.55
4 (i)	To re-elect Sally Jones-Evans	19,424	773	389	96.27
4 (j)	To elect Iain Alexander Mansfield	19,290	739	483	96.42
4 (k)	To re-elect David James Rigney	19,318	757	437	96.34
5	To approve the Report on Directors' Remuneration as set out in the Annual Accounts.	18,109	1,875	624	90.84

AGM eligibility notice 2021

To be eligible to vote at the 2021 AGM and have your say on a number of decisions that affect the way we do business, including the election and re-election of the Society’s Directors and the Society’s External Auditors, you will need to meet the following criteria:

As a Shareholding Member (Savers)

Be at least 18 years old on 23rd April 2021;
Have a minimum balance of £100 in your Savings Account by 31st December 2020;
Maintain a minimum balance of £100 in your Savings Account between 31st December 2020 and 23rd April 2021; and
Have an open Savings Account with the required minimum balance (as above) on 23rd April 2021.

As a Borrowing Member (Mortgages)

Be at least 18 years old on 23rd April 2021;
Have a balance of at least £100 on your Society Mortgage on 31st December 2020; and
Have a balance of at least £100 on your Society Mortgage on 23rd April 2021.

Please note: you will only be able to vote once as a Member on each resolution regardless of how many accounts you may hold as either, or both, a Savings or Mortgages customer. Only the first-named Member will be able to vote, as per the Society’s Rules (based on Building Societies Associations’ Model Rules to meet the requirements set out in the Building Societies Act 1986). A change in the legislation would be required to change this rule which is deemed unlikely at present with the Government’s current focus on the Coronavirus and BREXIT.

Principality. Where home matters.