Nationwide pressed to address ‘emerging governance issues’ as AGM looms
Nationwide is facing scrutiny over governance issues as it prepares for its annual general meeting (AGM). Concerns have been raised about the use of quick voting options and the lack of member representation on boards. Labour MP Navendu Mishra has called for reforms to ensure that member voices are adequately represented in decision-making processes.
- ▪Nationwide confirmed it holds £382bn in assets after acquiring Virgin Money.
- ▪Labour MP Navendu Mishra expressed concerns about governance practices in building societies.
- ▪Mishra's letter highlighted the need for direct member representation on boards.
The Guardian — UK publishes from United Kingdom and files mainly under news. We currently carry 850 of its stories.
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| Original publisher | The Guardian — UK |
| Canonical URL | https://www.theguardian.com/business/2026/may/24/nationwide-governance-agm-building-societies-boards |
| Publication time | Sun, 24 May 2026 11:00:55 GMT |
| Retrieval time | 2026-05-24T11:12:32.390Z |
| Last seen | 2026-05-24T11:12:32.390Z |
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| Summary source text | contentText |
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Nationwide has confirmed it is holding £382bn worth of assets after its takeover of Virgin Money. Photograph: Nigel Wiggins/AlamyView image in fullscreenNationwide has confirmed it is holding £382bn worth of assets after its takeover of Virgin Money. Photograph: Nigel Wiggins/AlamyNationwideNationwide pressed to address ‘emerging governance issues’ as AGM loomsLabour MP writes to chair amid concerns building societies are overusing quick votes and failing to add members to boardsKalyeena Makortoff Banking correspondentSun 24 May 2026 07.00 EDTSharePrefer the Guardian on GoogleNationwide is under pressure to address “emerging governance issues” across the building society sector, amid concerns bosses are bundling voting options and failing to allocate board seats for members.The Stockport…
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