AGM results

Thank you to our members who voted in the 2022 Annual General Meeting. This year 91,103 members voted, which represents 7.8% 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.

 

Read our 2022 AGM minutes here.

 

2022 voting results

 

Ordinary Resolutions          Result
1. To receive the Directors’ Report, Annual Accounts and Annual Business Statement for the year ended  31 December 2021.

         For: 89,509

         Against: 862

         Withheld: 761

         In favour: 99.0%

2. To approve the Directors’ Remuneration Report for the year ended 31 December 2021.


The vote is advisory and Directors' remuneration is not conditional on it.

         For: 81,275

         Against: 7,804

         Withheld: 2,051

         In favour: 91.2%

3. To reappoint PricewaterhouseCoopers UK (PwC) as auditor of the Society to hold office until the end of the next Annual General Meeting. 

         For: 85,804

         Against: 3,948

         Withheld: 1,375

         In favour: 95.6%

4. To promote the long-term success of the Society and given the risks and opportunities associated with climate change, that the members accept and approve:


a. The Society’s proposal to adopt a Climate Action Plan to become a net zero business in its Scope 1, 2 and 3 greenhouse gas emissions by 2040.


b. That, the Society shall report annually within its Sustainability Report (or such other place as any or all of this information may be required by applicable rules or law) on the terms and implementation of the Climate Action Plan and its transition to becoming a net zero business. 


This vote is advisory and does not diminish the role and responsibilities of the Board of Directors.

         For: 86,985

         Against: 2,754

         Withheld: 1,395

         In favour: 96.9%

 

Special Resolution          Result

5. To consider, and if thought fit, to pass the following as a Special Resolution:


          That the Rules of the Society be amended in the manner specified in the documentation produced to the meeting and initialled by the Chair for the purposes of identification. 

         For: 85,123

         Against: 3,318

         Withheld: 2,693

         In favour: 96.2%

Election and re-election of directors          Result
6. To elect Lee John Raybould as a director.

         For: 86,667

         Against: 2,640

         Withheld: 1,823

         In favour: 97.0%

7. To re-elect Iraj Amiri as a director.

         For: 85,736

         Against: 3,544

         Withheld: 1,851

         In favour: 96.0%

8. To re-elect Catherine Martina Mary Doran as a director.

         For: 85,774

         Against: 3,708

         Withheld: 1,649

         In favour: 95.9%

9. To re-elect Peter Nicholas Frost as a director.      

         For: 86,396

         Against: 2,926

         Withheld: 1,810

         In favour: 96.7%

10. To re-elect Stephen James Hughes as a director.

         For: 86,025

         Against: 3,289

         Withheld: 1,818

         In favour: 96.3%

11. To re-elect Joanne Louise Kenrick as a director.

         For: 86,120

         Against: 3,360

         Withheld: 1,648

         In favour: 96.2%

12. To re-elect Shamira Mohammed as a director.

         For: 86,116

         Against: 3,254

         Withheld: 1,761

         In favour: 96.4%

13. To re-elect Brendan O’Connor as a director.

         For: 86,097

         Against: 3,174

         Withheld: 1,864

         In favour: 96.4%

14. To re-elect Martin Alastair Stewart as a director.

         For: 86,357

         Against: 2,967

         Withheld: 1,806


         In favour: 96.7%

Are you eligible to vote in the AGM?

 

More than 1 million members are invited to vote in our AGM each year.

 

Eligible members:

 

  • Are 18 years of age or over on the date of the AGM.
  • Are first-named on a Coventry Building Society mortgage or savings account.
  • Owe at least £100 on a mortgage with Coventry Building Society or hold at least £100 in savings accounts with Coventry Building Society as at 31 December in the year before the AGM.
  • Must continue to owe at least £100 on a mortgage to the Society or hold savings with the Society up to and including the date of the AGM.

 

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.

 

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 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.