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Nationwide handed six resolutions by bagger

Nationwide has been handed six new “pro-democracy” resolutions by carpetbagger Tim Tanner in the run-up to the April deadline for member proposals.

The resolutions include a request to lower the number of members required to nominate candidates for Nationwide&#39s board and for the building society to explain within a month the reasons behind the rejection of any resolutions.

Tanner is also asking for details of directors&#39 salaries to be published in the society&#39s annual accounts and for any merger or takeover bids to be relayed to members in”a timely manner”.

The move follows the recent admission by carpetbagger Andrew Muir that it would be almost impossible to force the society to convert to a plc under its existing rules.

He is set to table a resolution challenging Nationwide&#39s anti-carpetbagging clause, which requires all new members to sign away any windfalls to charity if the society converts. Muir has until April 4 to get 500 backers for his bid.

The new resolutions are undergoing legal scrutiny, which is expected to take more than three weeks.

A Nationwide spokesman says: “We are more than happy to put any valid resolution to our members at the AGM. We are checking all the new resolutions to see if they are backed by the required number of members and that they are valid.”



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