Standing for election
A member wishing to be considered as a candidate to stand for election to the Board at AGM time must have the support of 250 Society qualified two year members and provide evidence of this on or before the end of the business year, which is April 4th each year.
Putting forward a resolution
To put forward a resolution for a members’ vote at AGM time, a member must have the support of 500 qualified two-year members and the resolution must be received on or before the end of the business year, which is on 4 April each year.
In response to a request made at the 2011 AGM, we have again reviewed whether the level of member support needed to either stand for election or to put forward a resolution remains appropriate. We have concluded that in both instances the requirements are still appropriate. They are in line with others throughout the building society sector and adhere to the Building Societies Act 1986.
It is in the interests of our total membership, and we're required to ensure, that candidates asking to be considered for election have reasonable support and that any issues put forward as a suggested resolution are also reasonably supported. That is why such requirements exist and full details are contained in our Memorandum and Rules (PDF).