AGM results
Thank you to our members who voted in the 2025 Annual General Meeting. This year 70,488 members voted, which represents 5.6% of our eligible membership.
The table below shows the total number of votes cast. Members voted to approve the resolutions and the election and re-election of all directors.
To ensure fairness and accuracy, the AGM vote was independently scrutinised by Civica Election Services and counting of the votes was complete on Thursday 24 April 2025.
2025 voting results
| Ordinary Resolutions | Result |
| 1. To receive the Directors’ Report, Annual Accounts and Annual Business Statement for the year ended 31 December 2024. | For: 69,845 Against: 643 Withheld: 531 In favour: 99.1% |
2. To approve the Remuneration Policy. The vote is advisory and Directors’ remuneration is not conditional on it. |
For: 64,100 Against: 5,306 Withheld: 1,600 In favour: 92.4% |
3. To approve the Directors’ Remuneration Report for the year ended 31 December 2024. The vote is advisory and Directors’ remuneration is not conditional on it. |
For: 64,369 Against: 5,059 Withheld: 1,577 In favour: 92.7% |
4. To reappoint PricewaterhouseCoopers UK (PwC) as auditor of the Society to hold office until the end of the next Annual General Meeting. |
For: 67,744 Against: 2,371 Withheld: 891 In favour: 96.6% |
| Election and re-election of directors | Result |
5. To elect Iain Plunkett as a director.
|
For: 67,839 Against: 1,977 Withheld: 1,183 In favour: 97.2% |
| 6. To re-elect Iraj Amiri as a director. | For: 67,026 Against: 2,746 Withheld: 1,224 In favour: 96.1% |
| 7. To re-elect Stephen James Hughes as a director. | For: 67,835 Against: 2,068 Withheld: 1,091 In favour: 97.0% |
8. To re-elect Joanne Louise Kenrick as a director. |
For: 67,718 Against: 2,268 Withheld: 1,000 In favour: 96.8% |
9. To re-elect Shamira Mohammed as a director. |
For: 67,148 Against: 2,679 Withheld: 1,154 In favour: 96.2% |
10. To re-elect Brendan John O’Connor as a director. |
For: 67,806 Against: 2,029 Withheld: 1,146 In favour: 97.1% |
| 11. To re-elect Lee John Raybould as a director. | For: 67,948 Against: 1,910 Withheld: 1,124 In favour: 97.3% |
12. To re-elect Martin Alastair Stewart as a director. |
For: 67,832 Against: 1,994 Withheld: 1,158 In favour: 97.1% |
| 13. To re-elect David John Thorburn as a director. | For: 67,905 Against: 1,968 Withheld: 1,109 In favour: 97.2% |
Are you eligible to vote in the AGM?
Voting eligibility
Savers
A saver (or “Shareholding Member”) is entitled to attend and vote if:
- they are over 18 as at 24 April 2025; and
- they held at least £100 in a savings Share account on 31 December 2024. The £100 may be held in one account or in aggregate across a number of accounts; and
- they continued to hold a balance in the savings Share account to and on the date of the AGM, or, if closed after 31 December 2024, other new savings Share accounts have been opened immediately by way of transfer etc. providing continuity of membership.
Borrowers
A borrower (or “Borrowing Member”) is entitled to attend and vote if:
- they are over 18 as at 24 April 2025; and
- they owed to the Society a mortgage debt of not less than £100 on 31 December 2024; and
- they have continued to owe to the Society a mortgage debt of not less than £100 to and on the date of the AGM. However, this may be a new mortgage account - a gap between the two accounts is permitted.
If a savings Share account or a mortgage account is held in joint names, only the first named (the “Representative Joint Shareholder”) may attend and vote at the meeting. Second and subsequent joint holders may attend the meeting as proxies or, at the discretion of one of the senior stewards, as observers.
Go for a paperless vote
If you are registered for Online Services, you can update your preferences to receive information about our AGM by email and we'll send you the codes you'll need to be able to vote online in future AGMs.
Updating your AGM preferences
If you're eligible to vote at our AGM, and have registered to receive emails from us, we'll send you a link to the official Notice of AGM and our AGM booklet which includes our Summary Financial Statement. We'll also provide you with details about the meeting itself and how you can cast your vote online. Our AGM is usually held in April each year.
You have the option to change your AGM preferences at any time within Online Services.
