@PBS / SECURE LOGINAnnual General Meeting 2022
The 143rd Annual General Meeting (AGM) of the members of Penrith Building Society was held at 6.00pm on Wednesday, 20 April 2022. Due to the uncertainty around restrictions in respect of Covid-19 when the AGM was being planned, the Board took the decision that the AGM would be held as a virtual meeting and would not be open for members to physically attend. 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 2021 | 514 | 5 | 2 | 98.6 |
| To approve the Directors' Remuneration Report for the year ended 31st December 2021 | 483 | 35 | 3 | 92.71 |
| To approve the re-appointment of Mazars LLP as Auditor | 505 | 10 | 6 | 96.93 |
| To re-elect Roderick McAlpine Ashley | 490 | 21 | 10 | 94.05 |
| To re-elect Timothy James Bowen | 491 | 24 | 6 | 94.24 |
| To re-elect Richard Leslie Drinkwater | 492 | 21 | 8 | 94.43 |
| To re-elect Elspeth Louise James | 497 | 19 | 5 | 95.39 |
| To re-elect Janice Lincoln | 498 | 17 | 6 | 95.59 |
| To re-elect William Robert Charles Lindsay | 487 | 28 | 6 | 93.47 |
| To re-elect Kevin Parr | 494 | 22 | 5 | 94.82 |
For every five votes cast for this years AGM, the Society will donate the funds to plant one tree with Greener Every Day. The Society will also be donating further funds to bring the total up to 150 trees to be planted as a result.
You can view a recording of the virtual AGM stream on our YouTube page here