Annual General Meeting

PROTECTING YOUR INCOME

The Results Are In!

Find all the details on what happened at our 2019 AGM, including voting results.

 

AGM and Voting

As a mutual company that’s owned and run for the benefit of our members, our Annual General Meeting (AGM) is especially important to us.  Since our first AGM in 1887, we’ve been welcoming members to attend meetings, voice their opinions and vote on how the business is run.

AGMs, and the business or discussions carried out at them, can seem quite confusing. However, it’s about making sure our members are happy with the way we’re doing things. Here you will find out everything you need to know about what happens at an AGM, why it's important and how it gives you a chance to have your say in how we run things.

 

What's an AGM?

An AGM is a yearly meeting that allows members – or shareholders in other types of companies – to vote on business issues, our financial performance, how we reward our team, and who’s appointed on our Board. It’s our members’ chance to have their say on how we’re run.

To make sure all members have a chance to vote, even if they can’t attend the AGM in person, we send out AGM packs, which includes a postal voting form. Alternatively you can vote online – just follow the instructions in your postal pack by entering the codes provided.

At the meeting, members hear from some of our Board about our performance over the previous year and how we’ve added value for them. We then invite all members who attend on the day to ask any questions they have about anything relating to the Society.

After the questions, members are asked to vote on our resolutions. These are the things we’re asking members to approve – like our financial report for the year, who our external auditors are, and reappointing the members of our Board. We count the votes and confirm which resolutions are passed.

Once the formal part of our AGM is over, we welcome the members who attend on the day to join us for a coffee and cake and the chance to talk to some of our team and the Board.

 

Why should I vote?

It’s important all members make the most of their chance to have their say on how the Society is run.  As members, you’re the owners of the business, so your votes are essential.

For more detailed information about our financial performance and business strategy, as well as the way we work, take a look at our Financial Statements.

 

What happens next?

After the AGM, we share the results of the vote from the day on our website.

If you have any suggestions for our AGM, or what you’d like to hear about from our Board, please get in touch.

We’d love to hear from you.