Annual General Meeting 2021
The 142nd Annual General Meeting (AGM) of the members of Penrith Building Society was held at 6.00pm on Wednesday, 21 April 2021. Due to the on going COVID-19 pandemic and the lockdown conditions caused by this, the AGM was again hosted virtually. CEO Tim Bowen presented the agenda from the Penrith Building Society Head Office.
The results were as follows:
RESOLUTION | Number of Votes For | Number of Votes Against | Number of Votes Withheld | % in Favour |
---|---|---|---|---|
To receive the Directors’ Report, Annual Accounts & Annual Business Statement for the year ended 31st December 2020 | 642 | 5 | 4 | 98.6 |
To approve the Directors' Remuneration Report for the year ended 31st December 2020 | 592 | 48 | 11 | 90.9 |
To approve the re-appointment of Mazars LLP as Auditor | 631 | 12 | 8 | 96.9 |
To elect Roderick McAlpine Ashley | 614 | 24 | 13 | 94.3 |
To elect Kevin Parr | 618 | 23 | 10 | 94.9 |
To re-elect Timothy James Bowen | 622 | 21 | 8 | 95.5 |
To re-elect Robert James Cairns | 617 | 24 | 10 | 94.8 |
To re-elect Richard Leslie Drinkwater | 617 | 25 | 9 | 94.8 |
To re-elect Elspeth Louise James | 627 | 15 | 9 | 96.3 |
To re-elect Janice Lincoln | 625 | 18 | 8 | 96.0 |
To re-elect William Robert Charles Lindsay | 617 | 24 | 10 | 94.8 |
SPECIAL RESOLUTION | Number of Votes For | Number of Votes Against | Number of Votes Withheld | % in Favour |
That the Rules of Penrith Building Society be amended in the manner specified in the document produced to the meeting. | 622 | 16 | 13 | 95.5 |
As has been the case for a number of years the Society donates a sum to a nominated charity for each vote cast. This year it has been agreed that a donation in respect of each of vote cast will be split between the nominated charities Eden Animal Rescue, The Calvert Trust and Eden Riding for the Disabled.
A recording of the AGM can be viewed on the Society’s YouTube account