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  • Nationwide Board Matters | Nationwide
    raising transactions which are below 100 million and not part of a wider capital raising programme which transactions can be approved by the Chief Executive and Group Finance Director jointly 2 2 3 Subject to paragraph 2 2 1 any capital redemptions except those below 200 million which are included in the Corporate Plan and where the redemption does not breach any Board risk appetite trigger such transactions can be approved by the Board Risk Committee 2 2 4 Changes to the Group s corporate structure including any merger or creation acquisition or disposal of any subsidiary or associated company or of any significant business operation or any other initiative which has significant strategic implications for the Group except that in the event that the Society is invited to rescue another society or other financial institution by way of merger or acquisition and it is not practical to convene a Board meeting the Emergency Powers Committee shall have power to agree such merger or acquisition on behalf of the Board 2 2 5 Any acquisition disposal or securitisation of trading assets or liabilities with a gross book value in excess of 1billion or where there is an unbudgeted loss arising in excess of 50 million 2 2 6 The acquisition or disposal of any individual non trading asset including freehold or leasehold property with a gross book value in excess of 50 million or where there is an unbudgeted loss arising in excess of 25 million 2 2 7 The above paragraphs exclude all dealings in any trading assets as duly authorised by Board delegated authorities or under other committees terms of reference 2 2 8 Changes to the Group s management and control structure unless separately approved by the Audit Committee or Board Risk Committee under their terms of reference 2 2 9 Any change to the Society s mutual status 2 2 10 The principles of any new forms of wholesale funding and capital instruments with characteristics different from those previously approved by the Board 2 3 Financial reporting and controls 2 3 1 Approval of preliminary announcement of annual results half yearly results and interim management statements 2 3 2 Approval of the distribution policy for periodic investment returns on Core Capital Deferred Shares 2 3 3 Declaration of periodic investment returns on Core Capital Deferred Shares 2 3 4 Approval of the annual report and accounts including the corporate governance statement and remuneration report 2 4 Internal controls and risk management 2 4 1 Ensuring maintenance of a sound system of internal control and risk management including receiving reports on and reviewing the effectiveness of the Group s risk and control processes to support its strategy and objectives undertaking at least an annual assessment of these processes approving an appropriate statement for inclusion in the annual report 2 4 2 Approval of the Group s risk appetite and key regulatory documents i e Internal Capital Adequacy Assessment Process and Individual Liquidity Adequacy Assessment 2 4 3 The Board may delegate certain responsibilities for approval of other aspects of risk management to the Board Risk Committee Delegations of authority such as the risk management framework and Pillar 3 disclosures will be set out in the Board Risk Committee terms of reference which is approved annually by the Board 2 4 4 The Board Risk Committee will advise the Board on risk matters and highlight significant risks identified through the Society s risk reporting framework for discussion and if appropriate approval 2 5 Projects and Contracts 2 5 1 Individual projects or projects that are related which in aggregate involve project spend in excess of 50million over the life of the project Project spend shall include but not be limited to third party supplier contract expenditure as well as internal spend and internal resource costs 2 5 2 Contracts with third parties which involve annual spend in excess of 25million or total life of contract spend in excess of 150million 2 5 3 Entering into individual or inter related leases or tenancies where the annual rent exceeds 5million or disposal of surplus leasehold premises with an annual rental value in excess of 5million 2 6 Lending 2 6 1 Approval of recommendations from the Executive Risk Committee for i lending proposals in excess of the Executive Risk Committee s lending mandate ii borrowing propositions which in the opinion of the Executive Risk Committee fall outside the Society s normal business iii acquisition of external loan portfolios in excess of the Executive Risk Committee s mandate 2 6 2 Approval of Treasury Counterparty exposures in excess of the Executive Risk Committee s mandate 2 7 Communication 2 7 1 Approval of resolutions and corresponding documentation to be put forward to members at a general meeting including proposals for amendments to the Society s Memorandum and Rules 2 7 2 Approval of all circulars prospectuses and listing particulars which require approval by the Board 2 8 Board membership and other senior management issues 2 8 1 Changes to the structure size and composition of the Board following recommendations from the Nomination Committee 2 8 2 Ensuring adequate succession planning for the Board and senior management following recommendations from the Nomination Committee including any changes to the Board Composition and Succession Plan 2 8 3 Appointments to the Board following recommendations by the Nomination Committee including the appointment of the Chairman the Chief Executive the Senior Independent Director and the Secretary and the selection of members and chairmen of Board committees 2 8 4 Continuation in office of directors including at the end of their term of office when they are due to be re elected by members at the annual general meeting the suspension or termination of service of an executive director as an employee of the Society subject to the law and their service contract the termination of service of the Chief Risk Officer and or the Chief Compliance Officer and or the Secretary 2 8 5 Appointment reappointment

    Original URL path: http://www.nationwide.co.uk/about/corporate-information/governance/board-matters (2016-02-09)
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  • Nationwide Board Committees | Nationwide
    letter and management s response to the auditor s findings and recommendations 1 7 Reporting Responsibilities The Committee shall report formally to the Board on how it has discharged its responsibilities including the significant issues that it considered in relation to the financial statements and how these issues were addressed its assessment of the effectiveness of the external audit process and any other issues on which the board has requested the Committee s opinion The Committee shall make whatever recommendations to the Board it deems appropriate on any area within its remit where action or improvement is needed A report to members on the Committee s activities is to be included within the Group s Annual Report The Committee shall where requested by the Board provide advice on whether the Annual Report and Accounts taken as a whole is fair balanced and understandable and provides information necessary for members to assess Nationwide s position and performance business model and strategy Where any disagreements between the Board and Audit Committee cannot be resolved the Audit Committee has the right to report the issue to members as part of its activities in the annual report The Audit Committee section of the annual report will include statements on relevant statutory requirements including external audit effectiveness appointment of the external auditor and safeguarding auditor objectivity and independence when auditor provides non audit services 1 8 Senior Manager Regime Prescribed Responsibilities Key Functions 1 8 1 Assist the Senior Manager Function SMF role holder in respect of his her escalation of the following Prescribed Responsibilities to the Committee Prescribed Responsibilities to the Committee Prescribed Responsibility Description SMF SMF Committee Status j Responsibility for safeguarding the independence of and overseeing the performance of the internal audit function including the performance of a person approved to perform the Head of Internal Audit function on behalf of the firm in accordance with the PRA rules Compliance and Internal Audit 3 and FCA rules SYSC 6 2 Internal Audit Chair of Audit Committee Member Chair k Responsibility for safeguarding the independence of and overseeing the performance of the compliance function including the performance of a person approved by the FCA to perform the compliance oversight function on behalf of the firm in accordance with PRA rules Compliance and Internal Audit 2 and FCA rules SYSC 6 1 Compliance Chair of Audit Committee Member Chair n Responsibility for the independence autonomy and effectiveness of the firm s policies and procedures on whistleblowing including the procedures for protection of staff who raise concerns from detrimental treatment Chairman Attendee q Responsibility for the production and integrity of the firm s financial information and its regulatory reporting under the regulatory activities and system Group Finance Director Attendee 1 8 2 Where matters are being discussed in relation to a prescribed responsibility the relevant SMF role holder should attend and participate in the discussion or if they are unable to attend to ensure that they are suitably represented 1 9 Other Matters The Committee shall have access to sufficient resources in order to carry out its duties including access to the Group s Secretariat for assistance as required The Committee shall receive appropriate and timely training relevant to its activities both in the form of induction training for new members and on an ongoing basis for all members be responsible for the co ordination of the internal audit function and the external auditors give due consideration to applicable laws and regulations and to the provisions of the UK Corporate Governance Code as appropriate oversee any investigation of activities which are within its terms of reference and at least once a year review its own performance constitution and terms of reference to ensure it is operating effectively and report the results of this review to the Board for approval 1 9 Authority The Committee is authorised by the Board to seek any information it requires from any employee of the Group in order to perform its duties obtain at the Group s expense external legal or other professional advice on any matter within its terms of reference and call any employee to be questioned at a meeting of the Committee as and when required 2 Audit Committee Composition select to show or hide related content Audit committee composition Members Members Roger Perkin Chairman Non Executive Director Lynne Peacock Non Executive Director Rita Clifton Non Executive Director Tim Tookey Non Executive Director Attendees Chairman Chief Executive Group Finance Director Chief Risk Officer Chief Compliance Officer Chief Internal Auditor Divisional Director Financial Performance Reporting Divisional Director Financial Controls and Information Management Representatives from the external auditors Secretariat Secretary 2 1 Membership Members of the Committee shall be appointed by the Board on the recommendation of the Nomination Committee in consultation with the Chairman of the Audit Committee The Committee shall be made up of at least three members All members of the Committee shall be independent non executive directors at least one of whom shall have recent and relevant financial experience and at least one of whom shall be a member of the Board Risk Committee The Chairman of the Board shall not be a member of the Committee Only members of the Committee have the right to attend Committee meetings However other individuals such as the Chairman of the Board Chief Executive Group Finance Director Chief Risk Officer the Chief Internal Auditor and representatives from the finance function may be invited to attend all or part of any meeting as and when appropriate The external auditors shall be invited to attend meetings of the Committee on a regular basis Appointments to the Committee shall be for a period of up to three years which may be extended by no more than two additional three year periods provided the relevant director remains independent The Board shall appoint the Committee Chairman who shall be an independent non executive director In the absence of the Committee Chairman and or an appointed deputy the remaining members present shall elect one of themselves to chair the meeting 2 2 Audit Committee Quorum and Meetings Secretary The Group Secretary or his her nominee shall act as the Secretary of the Committee Quorum The quorum necessary for the transaction of business shall be two members A duly convened meeting of the Committee at which a quorum is present shall be competent to exercise all or any of the authorities powers and discretions vested in or exercisable by the Committee Frequency of Meetings The Committee shall meet at least four times a year at appropriate times in the financial reporting and audit cycle and otherwise as required 3 Notice of Meetings select to show or hide related content Meetings of the Committee shall be summoned by the Secretary of the Committee at the request of any of its members or at the request of external or internal auditors if they consider it necessary Unless otherwise agreed notice of each meeting confirming the venue time and date together with an agenda of items to be discussed shall be forwarded to each member of the Committee and any other person required to attend no later than 5 working days before the date of the meeting Supporting papers shall be sent to Committee members and to other attendees as appropriate at the same time 4 Minutes of Meetings select to show or hide related content The Secretary shall minute the proceedings and resolutions of all meetings of the Committee including recording the names of those present and in attendance The Secretary shall record any conflicts of interest divulged at the meeting Minutes of Committee meetings shall be circulated promptly to all members of the Committee and once agreed to all members of the Board 5 Annual General Meeting select to show or hide related content The Chairman of the Committee shall attend the Annual General Meeting to respond to any member questions on the Committee s activities Nationwide Group Internal Audit Charter Show all expandable content Hide all expandable content 1 Introduction select to show or hide related content The operation of Group Internal Audit GIA in Nationwide Building Society and its subsidiary companies the Group is governed by the Internal Audit Charter The Charter defines the role authority and responsibilities of GIA and is approved by the Audit Committee 2 Purpose and scope select to show or hide related content The primary role of GIA is to provide rigorous and constructive independent challenge to management driving improvement in governance risk management and control In doing so it will contribute to achievement of Nationwide s objective of being a safe and sustainable business which is on the side of its members and to protecting the reputation of Nationwide Nationwide operates a 3 lines of defence model and GIA as the third line of defence is responsible for assessing and reporting to management and the Audit Committee on the effectiveness of the design and operation of the framework of governance risk management and internal controls to monitor manage and mitigate key risks GIA s scope is unrestricted and covers all the activities of the Society its subsidiaries and those performed by third parties on behalf of the Society This includes the design and operational effectiveness of governance structures and processes the information presented to the Board and Executive Management for strategic and operational decision making the setting of and adherence to risk appetite the risk and control culture of the organisation the risk of poor customer outcomes giving rise to conduct or reputational risk capital and liquidity risks key corporate events including significant business process changes introduction of new products and services outsourcing decisions and acquisitions divestments and the design and operating effectiveness of the organisation s policies and processes including achievement of intended outcomes 3 Authority select to show or hide related content GIA derives its authority from the Board through the Audit Committee This includes unrestricted access to all of the Group s functions systems records property and personnel the right of attendance at management committees and executive meetings and the right to be informed of material decisions and business changes The Chief Internal Auditor has direct and unrestricted access to the Chairman of the Board and the Chairman of the Audit Committee 4 Independence select to show or hide related content GIA must remain independent from management and free from interference in order to carry out its activities effectively In order to ensure this a number of safeguards are in place The Chief Internal Auditor reports directly to the Chairman of the Audit Committee with a secondary administrative reporting line to the Chief Executive The Audit Committee Chairman is responsible for setting the objectives and for reviewing the performance of the Chief Internal Auditor including making recommendations on remuneration to the Remuneration Committee as appropriate The Audit Committee holds at least annually a meeting with the Chief Internal Auditor without management being present to ensure that the Chief Internal Auditor has an opportunity to raise any issues directly with the Committee GIA staff have no operational responsibilities for any of the activities reviewed and policies are in place to ensure that any staff transferring into or seconded to GIA from other business areas are not involved in auditing activities for which they were responsible within the past 12 months GIA is not involved in setting risk appetite implementation of risk management processes carrying out quality assurance controls testing or risk oversight on behalf of management or designing and implementing risk mitigation activities in response to control weaknesses reported Any advisory work to assist management to develop an effective control framework will be a limited proportion of GIA s work Any such work proposed is assessed to ensure it will not compromise GIA s independence and objectivity 5 Responsibilities of GIA and the Audit Committee select to show or hide related content The principal responsibilities of GIA in planning executing and reporting on its work are as follows developing an annual Internal Audit Plan for approval by the Audit Committee which is designed to address key risks and allow flexibility to respond to business and risk profile changes completing the audit work set out in the Audit Plan and reporting findings to management providing quarterly reports to the Audit Committee including significant control weaknesses and themes arising from audit work and other interactions with management emerging risks and issues and the effectiveness of management in addressing issues raised providing at least annually an assessment of the overall effectiveness of the governance and risk and control framework across the Group ensuring that actions taken by management in response to issues raised are appropriate and are implemented effectively taking into consideration the work of first and second line control and oversight functions including evaluating the effectiveness of those functions and relevant work in assessing whether to amend the scope or nature of audit activity and co ordinating work as appropriate liaising with the Group s external auditors to co ordinate work and to maximise efficiency and maintaining an open relationship with regulators including in exceptional circumstances communicating significant issues to regulators in the event that management has not done so The responsibilities of the Audit Committee are to approve the annual Audit Plan review reports to the Committee by GIA and monitor management s responsiveness to findings approve the Internal Audit Charter annually ensure that GIA has adequate resources and skills including financial budget and access to specialist co source resources keep under review the position of GIA in Nationwide ensuring that there is appropriate support for and acceptance of GIA at all levels review at least annually the effectiveness of GIA and commission a periodic independent external assessment of the effectiveness of GIA at least every 5 years in accordance with the Chartered Institute of Internal Auditors Standards meet the Chief Internal Auditor at least once a year without management being present and approve the appointment and removal of the Chief Internal Auditor 6 Management of GIA select to show or hide related content It is the responsibility of the Chief Internal Auditor to manage GIA effectively This includes setting the strategy for the audit function and driving actions to deliver that strategy ensuring that appropriate skills and resources are maintained and reported regularly to discharge GIA s responsibilities effectively including the use of external specialists through co source arrangements where necessary working with management to facilitate secondments of staff into and out of GIA to increase expertise within GIA and promote the development of high performing individuals ensuring that GIA staff meet high professional standards including compliance with the CIIA s Code of Ethics and International Standards for the Professional Practice of Internal Auditing ensuring that GIA complies with the CIIA s Guidance on Effective Internal Audit in the Financial Services Sector ensuring that requirements of the Prudential Regulation Authority and the Financial Conduct Authority are met maintaining a Quality Assurance function and ensuring that the scope of quality assurance work is appropriate and that results of this activity are reported and are used to drive continual improvement in audit quality using a suite of management information to monitor the performance of GIA and ensuring that operational risks are managed Remuneration Committee responsibilities select to show or hide related content 1 Duties The Committee shall 1 1 determine and agree with the Board the framework or broad policy for the remuneration of the Society s Chief Executive Executive Directors Group Directors Divisional Directors Secretary and any other individual employees identified as Material Risk Takers under the provisions of the PRA Remuneration Code collectively Material Risk Takers and of its Chairman The remuneration of non executive directors shall be a matter for the Chairman and the executive members of the Board No director or manager shall be involved in any decisions as to his her own remuneration 1 2 in determining such policy take into account all factors which it deems necessary including applicable legal and regulatory requirements the PRA s Remuneration Code and the UK Corporate Governance Code and associated guidance The objective of such policy shall be to ensure that Material Risk Takers are provided with appropriate incentives to encourage enhanced performance promote the long term success of the Society and are in a fair and responsible manner rewarded for their individual contributions to the success of the Group Any policy for performance related remuneration for executive directors should include provisions that would enable the Society to recover sums paid or withhold the payment of any sum and specify the circumstances in which it would be appropriate to do so 1 3 review the ongoing appropriateness and relevance of the remuneration policy across the entire Group noting the risks posed by remuneration policies 1 4 when setting remuneration policy for Material Risk Takers have due regard to the remuneration trends across rest of the Group 1 5 determine the policy term objectives and content of Material Risk Takers s service contracts and regularly review these contracts to ensure that they remain aligned to the Committee s overarching remuneration policy and best practice guidance 1 6 approve the design of and determine targets for any performance related pay schemes operated by the Group for the benefit of Material Risk Takers and approve the total annual payments under such schemes in accordance with the provisions in Schedule A of the UK Corporate Governance Code 1 7 determine the policy for and scope of pension arrangements for each member of Material Risk Takers 1 8 ensure that in relation to Executive Directors contractual terms on termination and any payments made are fair to the individual and the Society that failure is not rewarded that the duty to mitigate loss is fully recognised and that severance payments are fully disclosed in the Directors Remuneration Report 1 9 within the terms of the agreed policy and in consultation with the Chairman and or Chief Executive as appropriate determine the total individual remuneration package of each member of Material Risk Takers including bonuses and incentive payments which should be transparent stretching and rigorously applied As part of this the Committee will consider whether any risk adjustment or clawback of variable pay awards is required In the case of key risk role holders the Chairman of the Board Risk Committee will be asked to review performance ratings prior to consideration by the Remuneration Committee 1 10 in determining such packages and arrangements give due regard to any relevant legal and regulatory requirements including the FCA s Treating Customers Fairly Guidance the PRA s Remuneration Code the UK Listing Authority s Listing Rules and Disclosure and Transparency Rules and the recommendations in the UK Corporate Governance Code This includes seeking appropriate authorisation from the relevant governing bodies as required 1 11 work and liaise as necessary with all other board committees as required 1 12 oversee the proportion of risk adjusted profits that should be accrued and paid out in the form of variable remuneration on an annual basis 1 13 oversee any major changes in employee benefits structures throughout the Group 1 14 agree the policy for authorising claims for expenses from the Chairman Chief Executive and the Executive Directors 1 15 ensure that all provisions regarding disclosure of remuneration including pensions as set out in Part 15 of the Companies Act 2006 and the UK Corporate Governance Code are fulfilled 1 16 be exclusively responsible for establishing the selection criteria selecting appointing and setting the terms of reference for any remuneration consultants who advise the committee and 1 17 obtain reliable up to date information about remuneration in other organisations operating in the same market as the Society The Committee shall have full authority to appoint remuneration consultants and to commission any reports or surveys which it deems necessary to help it fulfil its obligations 2 Reporting Responsibilities 2 1 The Committee Chairman shall report formally to the Board on its proceedings after each meeting on all matters within its duties and responsibilities 2 2 The Committee shall make whatever recommendations to the Board it deems appropriate on any area within its remit where action or improvement is needed 2 3 The Committee shall produce the annual remuneration report and a remuneration policy report at least once every three years which will form part of the Society s Annual Report and ensure that each report is put to members as an advisory binding vote as decided from time to time by the Committee If the Committee has appointed remuneration consultants the annual report of the Society should identify such consultants An annual update should also be provided to the Remuneration Committee setting out any other engagements the remuneration consultants had with the Society during the year 2 4 The Committee shall provide the PRA and FCA with a statement of the Society s remuneration policy from time to time as required 3 Other 3 1 The Committee shall at least once a year review its own performance constitution and terms of reference to ensure it is operating at maximum effectiveness and in line with PRA and FCA requirements and recommend any changes it considers necessary to the Board for approval 3 2 The Committee shall give due regard to applicable laws and regulations and any published guidance regarding the remuneration of directors in similar businesses including the PRA and FCA s Principles and Rules the PRA s Remuneration Codes the UK Listing Authority s Listing Rules and Disclosure and Transparency Rules and to the recommendations in the UK Corporate Governance Code as appropriate 4 Senior Manager Regime Prescribed Responsibilities Key Functions 4 1 Assist the Senior Manager Function SMF role holder in fulfilling the following Prescribed Responsibilities Prescribed Responsibilities to the Committee Prescribed Responsibility Description SME SMF Committee Status PRA18 FCA10 Responsibility for overseeing the development of implementation of the firm s remuneration policies and practices in accordance with the Remuneration Code in the PRA Handbook Chair of Remuneration Committee Member Chair FCA BA25 Incentive schemes for the firm s staff Group Director People Customer Communication Commercial Attendee 4 2 Where matters are being discussed in relation to a prescribed responsibility the relevant SMF role holder should attend and participate in the discussion or if they are unable to attend to ensure that they are suitably represented 5 Authority 5 1 The Committee is authorised by the Board to seek any information it requires from any employee of the Society in order to perform its duties In particular the Committee shall seek appropriate input from the Risk and Compliance functions when determining remuneration policy 5 2 In connection with its duties the Committee is authorised by the Board to obtain at the Society s expense any external legal or other professional advice 5 3 The Committee shall have access to sufficient resources in order to carry out its duties including access to the Society s Secretariat for assistance as required 5 4 The Committee shall be provided with appropriate and timely training both in the form of an induction programme for new members and on an on going basis for all members Remuneration Committee composition select to show or hide related content Renumeration committee composition Members Attendees Lynne Peacock Chair Non Executive Director Chairman of the Board David Roberts Non Executive Director and Chairman Chief Executive Rita Clifton Non Executive Director Group Director People Customer Communication and Commercial Group Secretary DD HR 1 Membership 1 1 Members of the Committee shall be appointed by the Board on the recommendation of the Nomination Committee in consultation with the Chairman of the Remuneration Committee The Committee shall be made up of independent non executive directors 1 2 Only members of the Committee have the right to attend Committee meetings However other individuals such as the Chairman of the Board Chief Executive and Group Director People Customer Communication and Commercial and external advisers may be invited to attend all or part of any meeting as and when appropriate 1 3 Appointments to the Committee shall be for a period of up to three years which may be extended for a further three year period or in exceptional circumstances two such periods provided the director remains independent 1 4 The Board shall appoint the Committee Chairman who shall be an independent non executive director In the absence of the Committee Chairman and or an appointed deputy the remaining members present shall elect one of themselves to chair the meeting Remuneration Committee Quorum and meetings select to show or hide related content 1 Secretary 1 1 The Group Secretary or his her nominee shall act as the Secretary of the Committee and will ensure that the Committee receives information and papers in a timely manner to enable full and proper consideration to be given to the issues 2 Quorum 2 1 The quorum necessary for the transaction of business shall be two members A duly convened meeting of the Committee at which a quorum is present shall be competent to exercise all or any of the authorities powers and discretions vested in or exercisable by the Committee 3 Frequency of Meetings 3 1 The Committee shall meet at least four times a year and otherwise as required 4 Notice of Meetings 4 1 Meetings of the Committee shall be summoned by the Secretary of the Committee at the request of any of its members or at the request of external or internal auditors if they consider it necessary 4 2 Unless otherwise agreed notice of each meeting confirming the venue time and date together with an agenda of items to be discussed shall be forwarded to each member of the Committee and any other person required to attend no later than 5 working days before the date of the meeting Supporting papers shall be sent to Committee members and to other attendees as appropriate at the same time 5 Minutes of Meetings 5 1 The Group Secretary shall minute the proceedings and resolutions of all meetings of the Committee including recording the names of those present and in attendance 5 2 The Secretary shall record any conflicts of interest divulged at the meeting 5 3 Minutes of Committee meetings shall be circulated promptly to all members of the Committee and once agreed to all members of the Board unless in the opinion of the Committee Chairman it would be inappropriate to do so 6 Annual General Meeting 6 1 The Chairman of the Committee shall attend the Annual General Meeting prepared to respond to any member questions on the Committee s activities Nomination Committee responsibilities select to show or hide related content Reference to the Committee shall mean the Nomination Committee Reference to the Board shall mean the Board of Directors 1 Duties 1 1 The Committee shall 1 1 1 regularly review the structure size and composition including the skills knowledge experience and diversity required of the Board as set out in the Board Composition and Succession Plan compared to its current position and make recommendations to the Board with regard to any changes 1 1 2 review all appointments to the Board and its Committees and the appointment of all Group and Divisional Directors 1 1 3 endeavour to ensure that the Board and its Committees have the capabilities required to be effective and oversee the organisation s strategic priorities This will include an appropriate range and balance of skills experience knowledge and behaviours 1 1 4 give full consideration to succession planning for members of the Board and for Group and Divisional Director roles in the course of its work taking into account the challenges and opportunities facing the Society its leadership needs and what skills and expertise are therefore needed on the Board in the future 1 1 5 be responsible for identifying and nominating for the approval of the Board candidates to fill Board vacancies as and when they arise 1 1 6 before any new appointment is made to the Board evaluate the balance of skills knowledge experience and diversity on the Board and in the light of this evaluation prepare a description of the role and capabilities required for a particular appointment In identifying suitable candidates the Committee shall 1 1 6 1 use open advertising or the services of external advisers to facilitate the search 1 1 6 2 consider candidates from a diverse range with regard to background and gender 1 1 6 3 consider candidates on merit and against objective criteria but with due regard to the benefits of diversity on the Board 1 1 6 4 consider candidates by reference to the PRA and FCA fit and proper test and the competence and capability criteria set out and 1 1 6 5 take care to ensure appointees have enough time available to devote to the position requiring disclosure of commitments such as other directorships 1 1 7 keep under review the leadership needs of the Society both executive and non executive with a view to ensuring the continued ability of the Society to compete effectively in the market place 1 1 8 require any proposed appointee to confirm they have no other business interests that may result in a conflict of interest and require them to report any future business interests that could result in a conflict of interest 1 1 9 review annually the time commitments required of non executive directors and consider annually whether each non executive director has been able to devote enough time to adequately fulfil his her duties 1 1 10 ensure that prior to any new appointment of a chairman or senior independent director of the Society a job specification is prepared for the role including the time commitment required 1 1 11 ensure that on appointment to the Board both executive and non executive directors enter into a service contract or receive a formal letter of appointment respectively setting out clearly what is expected of them in terms of time commitment Committee service and involvement outside Board meetings 1 1 12 conduct an annual review of the Directors Register of Interests and if appropriate recommend to the Board the authorisation of interests shown in the Register 1 1 13 undertake a full review of board talent and succession at least once a year 1 1 14 work and liaise as necessary with all other board committees 1 1 15 review the Board Composition and Succession Policy annually and at such other times as circumstances may require e g a major corporate development or any unexpected resignation from the Board and recommend amendments for approval by the Board 1 1 16 approve any loan to a director or connected person of a director 1 2 The Committee shall also make recommendations to the Board concerning 1 2 1 formulating plans for succession for both executive and non executive directors and in particular for the key roles of Chairman and Chief Executive but see 1 2 7 below 1 2 2 suitable candidates for the role of senior independent director 1 2 3 membership of the Audit Remuneration Risk Committees and any other board committees as appropriate in consultation with the chairmen of those Committees 1 2 4 the re appointment of any non executive director at the conclusion of his her specified term of office having given due regard to his her performance and ability to continue to contribute to the Board in the light of the knowledge skills and experience required 1 2 5 the re election by members of any director under the annual re election provisions recommended by the UK Corporate Governance Code having due regard to his her performance and ability to continue to contribute to the Board in the light of the knowledge skills and experience required and the need for progressive refreshing of the Board 1 2 6 any matters relating to the continuation in office of any director at any time including the suspension or termination of service of any executive director as an employee of the Society subject to the provisions of the law and his her service contract and 1 2 7 the appointment of any director to executive or other office other than to the positions of Chairman and Chief Executive the recommendation for which would be considered at a meeting of the full Board 2 Reporting Responsibilities 2 1 The Committee Chairman shall report formally to the Board on its proceedings after each meeting on all matters within its duties and responsibilities 2 2 The Committee shall make whatever recommendations to the Board it deems appropriate on any area within its remit where action or improvement is needed 2 3 The Committee shall make a statement in the annual report about its activities the process used to make appointments and explain if external advice or open advertising has not been used Where an external search agency has been used it shall be identified in the annual report and a statement made as to whether it has any connection with the Society 2 4 The Committee will report annually on boardroom diversity including any measurable objectives that it has set for implementing the policy and progress on achieving the objectives 3 Other 3 1 The Committee shall at least once a year review its own performance constitution and terms of reference to ensure it is operating at maximum effectiveness and recommend any changes it considered necessary to the Board for approval 3 2 The Committee shall give due regard to applicable laws and regulations including the PRA and FCA s Principles and Rules the UK Listing Authority s Listing Rules and Disclosure and Transparency Rules and to the recommendations in the UK Corporate Governance Code as appropriate 4 Senior Manager Regime Prescribed Responsibilities Key Functions 4 1 Assist the Senior Manager Function SMF role holder in respect of his her escalation of the following Prescribed Responsibilities to the Committee Prescribed Responsibility Description SME SMF Committee Status PRA13 FCA5 Responsibility for leading the development and monitoring effective implementation of policies and procedures for the induction training and professional development of all members of the firm s governing body Chairman Member Chair 4 2 Where matters are being discussed in relation to a prescribed responsibility the relevant SMF role holder should attend and participate in the discussion or if they are unable to attend to ensure that they are suitably represented 5 Authority 5 1 The Committee is authorised to seek any information it requires from any employee of the Society in order to perform its duties 5 2 The Committee is authorised to obtain at the Society s expense external legal or other professional advice on any matters within its terms of reference 5 3 The Committee shall have access to sufficient resources in order to carry out its duties including access to the Society s Secretariat for assistance as required Nomination Committee composition select to show or hide related content Nomination committee composition Members Attendees David Roberts Chairman Non Executive Director Chief Executive Roger Perkin Non Executive Director Group Director People Customer Communication and Commercial Lynne Peacock Non Executive Director Group Secretary Tim Tookey Non Executive Director Divisional Director HR 1 Membership 1 1 Members of the Committee shall be appointed by the Board and the majority of the Committee shall be independent non executive directors 1 2 Only members of the Committee have the right to attend Committee meetings However other individuals such as the Chief Executive Group Director HR Corporate Affairs and external advisers may be invited to attend all or part of any meeting as and when appropriate 1 3 Appointments to the Committee shall be for a period of up to three years which may be extended for a further three year period or in exceptional circumstances two such periods provided the majority of the Committee members remain independent 1 4 The Board shall appoint the Committee Chairman who shall be either the Chairman of the Board or an independent non executive director In the

    Original URL path: http://www.nationwide.co.uk/about/corporate-information/governance/board-committees (2016-02-09)
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  • Nationwide Board Composition & Success | Nationwide
    the Nomination Committee Terms of Reference 2 Director appointments and leavers select to show or hide related content 2 1 The Nomination Committee reviews all appointments to the Board and its Committees and the appointment of all Group and Divisional Directors 2 2 The Nomination Committee ensures that a robust recruitment process is undertaken for all director appointments to deliver fair and effective selection outcomes 2 3 In respect of Board appointments the Committee ensures that any search agency used has no connection with the Company and that the directorships of appointed Board members are within PRA advised limitations 2 4 If a prospective Non Executive Director wishes to carry out due diligence on the Society to understand the business and appreciate the time commitment involved in the role the Society will assist with the exercise to the extent that is reasonable and practicable 2 5 Employees with the potential to progress to board level shall be given encouragement support and development opportunities so that the Society has the widest possible talent pool from which to select prospective candidates 2 6 Appointed Board Directors will take office on terms set out in a service contract or letter of appointment as appropriate consistent with the Board Composition and Succession Policy 2 7 The Society s Rules require that Board Directors must be re elected by the Society s membership every three years However in accordance with the recommendation in the UK Corporate Governance Code the Society s Directors are re elected every year Before re election a Non Executive Director will be subject to a review by the Chairman of that Director s continued effectiveness and independence 2 8 All Board Directors are expected to devote sufficient time to the Society to discharge their responsibilities effectively A Non Executive Director s other directorships should be disclosed to the Board before appointment and included in the annual report Changes to such directorships should be reported to the Board as they arise and be included in the next annual report 2 9 Any other matters or circumstances including other business interests which could result in a Director having a conflict of interest should be disclosed to the Board prior to appointment and thereafter as they arise The Society manages this process in accordance with a policy agreed by the Board 2 10 Before re appointing the Board Directors the Society will consider the value of ensuring that board and board committee membership is refreshed and that undue reliance is not placed on particular individuals 2 11 The office of Chairman is filled as appropriate and on an annual basis under Society Rule 28 a on election by the Board 3 Composition policy select to show or hide related content 3 1 The number of Board Directors determined by the Board under Society Rule 27 must not be less than eight including the Chief Executive and Group Finance Director Normally at least one third of the Board should be Executive Directors employed full time

    Original URL path: http://www.nationwide.co.uk/about/corporate-information/governance/board-composition-and-succession-plan (2016-02-09)
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  • Press Release Archive | Nationwide
    No Tax Two Thirds Of Britons Do Not Know Savings Tax Rules 25 March 2014 Nationwide campaign a success as ISA parity is announced 19 March 2014 Product update Cheshire Derbyshire and Dunfermline 19 March 2014 Confusion reigns over ISA transfers from stocks and shares to cash 17 March 2014 Nationwide to launch new Bonds Fixed Rate ISAs 13 March 2014 Nationwide Building Society calls on financial services industry to improve relationships with LGBT customers 12 March 2014 AskNationwide goes 24 7 FirstOnTheHighStreet 11 March 2014 Nationwide rolls out plan to become fully freephone 11 March 2014 Nationwide to offer mobile payments 10 March 2014 New Nationwide website designed around the needs of its customers 10 March 2014 JK Rowling voted UK s most inspirational woman who works as survey highlights what it takes to succeed 07 March 2014 Nationwide Building Society gets ready to recruit more local talent on to its apprenticeship scheme 03 March 2014 April Index of press releases New poll shows support for living wage to help tackle rise in living costs 25 April 2014 Nationwide Building Society April 2014 house price index 24 April 2014 Nationwide to become first in Europe to launch innovative video link service offering customers greater access to mortgages 16 April 2014 Do I stay or do I go now 16 April 2014 Diversity Champion Nationwide Building Society Makes Top 50 Employers List For Women For Second Year Running 03 April 2014 House price growth moderates in March 02 April 2014 Nationwide makes changes to mortgage product range 02 April 2014 Nationwide launches new Regular Saver ISA 02 April 2014 London continues to outpace the rest of the UK 02 April 2014 Homes bloom as Britons plan to spend 79 billion on DIY over the next year 01 April 2014 May Index of press releases Nationwide helps savers and current account switchers 28 May 2014 Nationwide lives up to mutual heritage and delivers benefits for mortgage customers 28 May 2014 Nationwide full year results 28 May 2014 Nationwide re prices mortgage range to help first time buyers with smaller deposits 07 May 2014 Nationwide celebrates third anniversary of Save to Buy 06 May 2014 Nationwide Building Society appoints David Roberts as Chairman Elect 02 May 2014 Nationwide reduces early redemption charges 02 May 2014 Product update Derbyshire Fixed Rate Bonds and ISAs 02 May 2014 Annual house price growth now into double digits 01 May 2014 June Index of press releases Nationwide introduces new short to mid term payback options for credit card customers 30 June 2014 Confounded interest Two thirds of young people unaware of new ISA limits that could help them save 27 June 2014 Nationwide Building Society June 2014 Q2 Regional House Price Index 25 June 2014 Nationwide puts the ISA in NISA as it urges UK to maximise contributions after winning parity campaign 23 June 2014 Tidy mind tidy savings Dynamos socialites and workaholics less likely to find the time to save 18 June 2014 Nationwide makes changes to mortgage product range 05 June 2014 New features of top rated banking app to encourage a saving spree 04 June 2014 Annual house price growth edges up in May 03 June 2014 Nationwide awarded Big Tick in Business in the Community s Responsible Business Awards 02 June 2014 Product update Regular Saver ISA 02 June 2014 July Index of press releases They say money makes the world go round We think it s people 30 July 2014 Je voudrais payer en devises du pays Beware the hidden costs of unnecessary currency conversion 28 July 2014 UK Parents to spend 8 76 billion during the 2014 summer holidays 22 July 2014 Nationwide s members help raise over 150 000 for Shelter 17 July 2014 50 Amazon voucher for main current account holders when buying combined home insurance 16 July 2014 Local Swindon resident wins Nationwide s highest employee accolade 15 July 2014 Don t make a miserable summer for British sport personal insure your kit or risk losing it 11 July 2014 A third of parents take their kids out of school to save on holiday costs 09 July 2014 House price growth remained strong in June 02 July 2014 House prices in London continue to climb 02 July 2014 Nationwide boosts interest rates across entire business savings range 02 July 2014 Bronzed buff and broke Holidays and gym last to go when times get tough 02 July 2014 Nationwide launches new online investment option with easy to choose funds 01 July 2014 August Index of press releases Nationwide Building Society August 2014 House Price Index 22 August 2014 Product update 22 August 2014 Spurs win the 2014 Nationwide House Price Premier League 13 August 2014 Nationwide s Mobile App Creates Saving Spree 06 August 2014 September Index of press releases Logging in before clocking on post weekend rush to check bank balances puts monday morning work emails on hold 29 September 2014 Nationwide home emergency cover lowest price in the market 26 September 2014 Nationwide resumes Help to Buy for home movers 23 September 2014 Nationwide Building Society September 2014 Q3 Regional House Price Index 22 September 2014 Nationwide launches its lowest ever loan rate 22 September 2014 Nationwide rewards loyal customers with best mortgage deals 18 September 2014 More than 100 000 people switch to Nationwide since the launch of the current account switch service 10 September 2014 Major mortgage range revamp at Nationwide 09 September 2014 Apple iPhone 6 set to take biggest bite out of mobile phone insurance claims over next 12 months 04 September 2014 Quarter of people would skip travel insurance for a six month trip around the World 03 September 2014 October Index of press releases FlexOne A current account for the next generation 29 October 2014 Nationwide offers a decade of payment security 28 October 2014 Nationwide Building Society October 2014 House Price Index 23 October 2014 Nationwide offers its lowest ever fixed rate mortgage 22 October 2014 Nationwide reduces mortgage rates for those with small deposits 14 October 2014 UK devours more than 3 5 billion of chocolate each year but could save a mint 13 October 2014 Nationwide cuts fixed rate early redemption charges 08 October 2014 Nationwide s new app makes everyday spending more rewarding 08 October 2014 Young people trailing older generations for travel insurance on continental getaways 07 October 2014 Nationwide reduces rates for loyalty rate mortgages initiative 07 October 2014 Nationwide extends 50 Amazon voucher offer until end of January 2015 03 October 2014 November Index of press releases Nationwide shows its support for savers homebuyers and current account customers 25 November 2014 Nationwide Building Society November 2014 House Price Index 21 November 2014 Tis the season to be wary as number of lost and stolen cards peaks during festive season 20 November 2014 Counting money instead of sheep at night You could be a financial insomniac 17 November 2014 Nationwide Building Society appoints Ann Brown as HR Director 17 November 2014 Early signs of Rugby World Cup fever as British fans spend average of 350 on tickets 11 November 2014 Watch out Nationwide gives customers ability to check account balances on their smartwatch 05 November 2014 One in ten Brits prepared to lose money this winter rather than claim back on a UK trip cancelled because of flu 03 November 2014 December Index of press releases Christmas day a time for presents turkey and online banking 22 December 2014 Don t risk a miserable Christmas Make sure your presents are covered 19 December 2014 Nationwide s response to the results of the Bank of England stress test 16 December 2014 Get winter ready are you prepared for the weather bomb 11 December 2014 UK set to pile the pounds onto their credit cards this Christmas as supermarket spend builds towards festive peak 08 December 2014 Nationwide welcomes changes to make stamp duty fairer for most home buyers 03 December 2014 Nationwide in top ten employer lists for gender and race for the third year running 02 December 2014 Nationwide warns customers to protect themselves online during Cyber Monday 01 December 2014 Nationwide Staff Save Enough Energy to Make a Cuppa for the Entire UK 01 December 2014 Nationwide calls for stamp duty scrutiny 01 December 2014 2013 Show all expandable content Hide all expandable content December Index of press releases Surviving retirement on the State Pension 31 December 2013 Who sits on top of the Christmas family tree 23 December 2013 Even online banking customers stop for the Queen s speech on Christmas Day 23 December 2013 Comment on decision to allow Child Trust Fund holders to transfer savings into Junior ISAs 23 December 2013 Kids get 342 percent more money on top of their monthly pocket money 10 December 2013 Product update Nationwide International 03 December 2013 New accounts from Nationwide International 03 December 2013 Nationwide calls on on Chancellor to cut confusion on ISAs 03 December 2013 Keep Christmas card safe this year 02 December 2013 November Index of press releases House prices continue to rise in November 29 November 2013 Shadow Chancellor calls for business to back biggest ever survey into female progression at work 29 November 2013 Nationwide first in the UK to launch V ME by Visa Digital Wallet 26 November 2013 Nationwide ranked best major high street financial services provider in uk by customers 26 November 2013 Product update Derbyshire NetSaver and Cheshire ISA Saver 20 November 2013 Youngsters more likely to adopt the savings habit 19 November 2013 Nationwide supports biggest ever survey on gender equality 19 November 2013 Nationwide ranks in top ten employer lists for gender and race 19 November 2013 Beatbox Resource translates times tables to the sound of music 18 November 2013 Product update Cheshire Fixed Rate Bonds and ISAs 14 November 2013 Nationwide launches new credit card offer in time for Christmas 14 November 2013 Nationwide welcomes launch Of Pick A directory from retirement specialists PICA 12 November 2013 Product Update Bonds and Fixed Rate Cash ISAs 08 November 2013 Product update Derbyshire and Dunfermline Fixed Rate Bonds and ISAs 08 November 2013 Product update Easy Saver ISA Cheshire ISA Saver 08 November 2013 Product Update Flexclusive ISA Easy Saver ISA and Web ISA 08 November 2013 Product update MySave Online Plus 08 November 2013 Product update New issue of Derbyshire Netsaver 08 November 2013 Help towards the cost of Christmas with Nationwide s Simply Rewards 06 November 2013 November most popular month to finance DIY 06 November 2013 October Index of press releases House prices continue to rise in October 31 October 2013 Cost of living squeeze puts brakes on savings 29 October 2013 Take the heat out of bonfire night 29 October 2013 Nationwide improves mortgage rates at 80 85 and 90 per cent LTV 25 October 2013 Nationwide Building Society October 2013 House Price Index 24 October 2013 Product update Derbyshire and Dunfermline Fixed Rate Bonds and ISAs 23 October 2013 Product update Platinum Monthly Saver 23 October 2013 Nationwide launches new apps for intermediaries 21 October 2013 Nationwide confirms its Chairman s decision to retire in summer 2015 18 October 2013 Nationwide reduces monthly payments for 8 000 Dunfermline customers 16 October 2013 Nationwide deploys NCR software to improve ATM access for visually impaired consumers 09 October 2013 Nationwide trials electric bike scheme in Swindon 08 October 2013 Nationwide widens choice for investors 07 October 2013 Two in five parents would spend more on a new home near a top school 02 October 2013 September Index of press releases Hassle stops customers moving their current accounts 30 September 2013 Nationwide accepts Help to Buy mortgage applications in Scotland 30 September 2013 House price growth accelerates in September 27 September 2013 London house price growth reaches double digits 27 September 2013 Product update 26 September 2013 Nationwide improves mortgage rates for new and existing customers 25 September 2013 New switching service already making a difference 25 September 2013 Nationwide on Macmillan s side since 1993 23 September 2013 Nationwide Building Society September 2013 Q3 Regional House Price Index 20 September 2013 Nationwide launches new Bonds and Fixed Rate Cash ISAs 17 September 2013 Product update Bonds and Fixed Rate Cash ISAs 17 September 2013 Product update Flexclusive ISA and Easy Saver ISA 17 September 2013 Going green Gold Ska Rating for Nationwide s Guildford branch 16 September 2013 Product update Cheshire Derbyshire and Dunfermline Fixed Rate Bonds and ISAs 16 September 2013 Product update Easy Saver ISA 16 September 2013 Protect yourself against the thieves playing i spy 11 September 2013 School costs continue to pile up for parents 11 September 2013 Bold stance against sexism helps Nationwide clinch sponsorship of leading gender equality awards 09 September 2013 Nationwide offers lowest ever fixed mortgage rate 02 September 2013 TMW offers free gas safety check on new BTL loans 02 September 2013 August Index of press releases House prices continued to rise in August 30 August 2013 Nationwide Building Society August 2013 House Price Index 23 August 2013 The longest balance transfer deals do not always provide best value 23 August 2013 Help for your holiday hangover 21 August 2013 New school year could leave UK parents with 1 5 billion bill 19 August 2013 Nationwide staff volunteer 19 000 hours in support of good causes 14 August 2013 Paralympics inspire UK business to see ability in disability 12 August 2013 Don t forget your holiday insurance 08 August 2013 Nationwide adds more choice for investors 07 August 2013 Product Update 05 August 2013 House prices continue to gain momentum in July 02 August 2013 July Index of press releases Product Update MySave Online Plus 31 July 2013 Product Update New issue of Derbyshire NetSaver 31 July 2013 Nationwide Building Society July 2013 House Price Index 26 July 2013 Nationwide launches new credit card offer 24 July 2013 Nationwide s members help raise over 175 000 for Macmillan Cancer Support 24 July 2013 Improvements to online bank and banking app give customers even more control 19 July 2013 Nationwide Comments on Select Committee Report on Rental Market 18 July 2013 Have you gained a six pack lost a stone or saved some dosh 17 July 2013 Nationwide reduces Loans to lowest ever rate 4 9 17 July 2013 PRA accepts Nationwide s capital plan 12 July 2013 2013 school holidays to cost UK parents over 7 billion 10 July 2013 Chard Branch wins at Nationwide awards 10 July 2013 Kilmarnock employee wins top Nationwide Customer Service award 10 July 2013 Local Swindon resident wins Nationwide s highest employee accolade 10 July 2013 Northampton staff win at Nationwide awards 10 July 2013 Playing hooky for holidays 03 July 2013 The rise of the house of Cambridge 03 July 2013 Nationwide members loyalty further rewarded 02 July 2013 June Index of press releases London tops the table of house price growth in Q2 28 June 2013 Pick up in house price growth continued in June 28 June 2013 Product Update Bonds And Fixed Rate Cash ISAs 28 June 2013 Product update Cheshire Derbyshire and Dunfermline Fixed Rate Bonds and ISAs 28 June 2013 Product update Cheshire ISA Saver 28 June 2013 Product update Flexclusive ISA Easy Saver ISA and Web ISA 28 June 2013 Product update MySave Online Plus and Flexclusive Saver 28 June 2013 Nationwide gives landlords the option to offer longer term tenancies 26 June 2013 TMW offers its lowest ever buy to let fixed rate of 2 49 21 June 2013 Nationwide responds to PRA Capital Shortfall Exercise with Major UK Banks and Building Societies 20 June 2013 Nationwide supports Shelter s call to help First Time Buyers 19 June 2013 Nationwide awarded Big Tick in Business in the Community s Responsible Business Awards 12 June 2013 Nationwide offers regular premium investments options 11 June 2013 Nationwide announces further cut in mortgage rates 05 June 2013 May Index of press releases Product update e Savings Plus 31 May 2013 Modest pick up in UK house prices in May 30 May 2013 Nationwide accepts Help to Buy mortgage applications 28 May 2013 Nationwide increases amount borrowers can overpay on their mortgage 28 May 2013 Nationwide Building Society May House Price Index 24 May 2013 Nationwide Building Society Financial Results for the Year ended 4 April 2013 22 May 2013 Nationwide provides real alternative to the big banks 22 May 2013 Nationwide s mortgage lending hits record highs 22 May 2013 Two thirds of ISA savers want limits on cash ISAs increased 20 May 2013 Bride s parents still expected to foot the bill for wedding says Nationwide 08 May 2013 Product update Cheshire Derbyshire and Dunfermline Fixed Rate Bonds and ISAs 08 May 2013 Product Update Bonds and Fixed Rate ISAs 03 May 2013 Add venture to your options with Nationwide s Simply Rewards 01 May 2013 UK house prices little changed in April 01 May 2013 April Index of press releases Nationwide celebrates the second anniversary of its save to buy product 30 April 2013 Nationwide Building Society April House Price Index 25 April 2013 How is the housing stock changing 23 April 2013 Nationwide Building Society brings mutuality to heart of London s square mile as new branch unveiled 22 April 2013 Nationwide recognised as one of the Top 50 Employers for Women by The Times 22 April 2013 Nationwide awarded Platinum status in Business in the Community s Corporate Responsibility Index 16 April 2013 Nationwide launches lowest ever fixed rates 10 April 2013 Cheshire Derbyshire and Dunfermline Building Society launch Easy Saver ISA 08 April 2013 Nationwide 123 08 April 2013 New issue of Cheshire ISA Saver 05 April 2013 Nationwide launches Flexclusive ISA and Easy Saver ISA 04 April 2013 Nationwide launches new issue of Web ISA 03 April 2013 March Index of press releases FlexPlus packed with benefits for Easter holidaymakers 28 March 2013 Mixed picture across UK regions at the start of 2013 28

    Original URL path: http://www.nationwide.co.uk/about/media-centre-and-specialist-areas/media-centre/press-releases (2016-02-09)
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  • Principle Spokespeople | Nationwide
    with difficulties homepage Money worries Bereavement Power of Attorney View all Dealing with difficulties Security centre Security centre Security centre homepage Internet Banking security Mobile Banking security Fraud awareness View all Security centre Accessibility Accessibility Accessibility homepage Web accessibility Branch accessibility Setting up your browser View all Accessibility Can t find what you re looking for Ways to contact us Find your nearest branch Contact Us Branch Finder Register for Internet Banking Search Select this to show hide the search box Search Search this site Search Log in menu Select this to reveal panel with log in and registration links for Internet Banking Internet Banking Log in Log in or register for Internet Banking Help and demos Security Centre See more All services are operating normally MySave Online Savings Investor Portfolio Service IPS Legal and General MyAccount Personal Finance Portal Skip over secondary navigation to main content Why choose Nationwide Have your say Corporate information Media Policy Legal House Price Index Investor relations Home About Media Policy Legal In this section Overview Legal information Media Centre Policy Public Affairs Anti Bribery Corruption Information for Lawyers More Media Centre Latest news and comment from Nationwide The information on this website is designed to provide journalists and commentators with the latest news and comment from Nationwide If you are a customer looking for information on our products and services please visit the main website www nationwide co uk Main content of page below Media Centre Press releases Our spokespeople Photo library Media Centre Press releases Our spokespeople Our spokespeople Click on the spokesperson for their biography Photos of spokespeople can be found in the photo library Spokespeople can be contacted via the press office on 01793 655198 Show all expandable content Hide all expandable content Graham Beale Chief Executive of Nationwide Building Society select to show or hide related content Graham joined Nationwide in 1985 as a chartered accountant and spent a number of years working in all aspects of the finance function He developed an in house corporate finance team and was involved in a number of major transactions including the buying and selling of subsidiary businesses This included the sale of Nationwide Estate Agents and the acquisition of UCB In 1997 he was appointed Managing Director of a subsidiary based in Glasgow and responsible for the ownership and management of a large scale residential property portfolio The company underwent a significant change recovery programme to become a vibrant and profitable entity In January 2002 he was appointed Divisional Director Commercial In this role he was responsible for the Society s commercial lending activities Graham joined the main board in April 2003 as Group Finance Director and became Chief Executive on 1 April 2007 and in his first year oversaw the successful merger with Portman Building Society Since then he has embarked on an ambitious transformation programme affecting all parts of the Nationwide Group He is also a member of the Executive Council of the Building Societies Association and Chairman of

    Original URL path: http://www.nationwide.co.uk/about/media-centre-and-specialist-areas/media-centre/our-spokespeople (2016-02-09)
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  • Photo Library | Nationwide
    homepage Your rewards Your voice Your society View all Your Nationwide Media Policy and Legal Media Policy and Legal Media Policy and Legal homepage Media Centre Policy and Public Affairs Information for Lawyers View all Media Policy and Legal House Price Index House Price Index House Price Index homepage House Price calculator Reports archive Download data View all House Price Index Investor relations Investor relations Investor relations homepage About the business Funding programmes Investor queries View all Investor relations Our people Our people Our people homepage Working for us Jobs at Nationwide Graduate programmes View all Our people Can t find what you re looking for Ways to contact us Find your nearest branch Support We re here to help whether you need assistance with one of your accounts or if you just have questions you d like answered View all support Support View all support Emergency help Emergency help Emergency help homepage Important Travel Information Lost or stolen card Unusual activity on my account View all Emergency help Product support Product support Product support homepage Current Accounts Savings ISAs Mortgages View all Product support Ways to bank with us Ways to bank with us Ways to bank with us homepage Internet Banking Mobile Banking Telephone Banking View all Ways to bank with us Travel Travel Travel homepage Fees and charges Emergency numbers Travel insurance FAQs View all Travel Contact us Contact us Contact us homepage Send us a message Call us Make a complaint View all Contact us Dealing with difficulties Dealing with difficulties Dealing with difficulties homepage Money worries Bereavement Power of Attorney View all Dealing with difficulties Security centre Security centre Security centre homepage Internet Banking security Mobile Banking security Fraud awareness View all Security centre Accessibility Accessibility Accessibility homepage Web accessibility Branch accessibility Setting up your browser View all Accessibility Can t find what you re looking for Ways to contact us Find your nearest branch Contact Us Branch Finder Register for Internet Banking Search Select this to show hide the search box Search Search this site Search Log in menu Select this to reveal panel with log in and registration links for Internet Banking Internet Banking Log in Log in or register for Internet Banking Help and demos Security Centre See more All services are operating normally MySave Online Savings Investor Portfolio Service IPS Legal and General MyAccount Personal Finance Portal Skip over secondary navigation to main content Why choose Nationwide Have your say Corporate information Media Policy Legal House Price Index Investor relations Home About Media Policy Legal In this section Overview Legal information Media Centre Policy Public Affairs Anti Bribery Corruption Information for Lawyers More Media Centre Latest news and comment from Nationwide The information on this website is designed to provide journalists and commentators with the latest news and comment from Nationwide If you are a customer looking for information on our products and services please visit the main website www nationwide co uk Main content of page below Media Centre Press

    Original URL path: http://www.nationwide.co.uk/about/media-centre-and-specialist-areas/media-centre/photo-library (2016-02-09)
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  • Our Core Capital Deferred Shares (CCDS) | Nationwide
    with difficulties Security centre Security centre Security centre homepage Internet Banking security Mobile Banking security Fraud awareness View all Security centre Accessibility Accessibility Accessibility homepage Web accessibility Branch accessibility Setting up your browser View all Accessibility Can t find what you re looking for Ways to contact us Find your nearest branch Contact Us Branch Finder Register for Internet Banking Search Select this to show hide the search box Search Search this site Search Log in menu Select this to reveal panel with log in and registration links for Internet Banking Internet Banking Log in Log in or register for Internet Banking Help and demos Security Centre See more All services are operating normally MySave Online Savings Investor Portfolio Service IPS Legal and General MyAccount Personal Finance Portal Skip over secondary navigation to main content Why choose Nationwide Have your say Corporate information Media Policy Legal House Price Index Investor relations Home About Investor relations Back to Capital securities Nationwide Investor Relations Main content of page below Core Capital Deferred Shares CCDS Overview CCDS investor information Core Capital Deferred Shares CCDS are a new form of Common Equity Tier 1 CET1 capital consistent with the mutual ethos Historically Nationwide s Core Tier 1 capital base has been comprised of retained earnings which were supplemented from time to time through the issuance of PIBS and Subordinated Debt These instruments no longer meet regulatory requirements and will gradually be phased out under the grandfathering regime introduced by CRD IV CCDS have been developed in response to the need to have sufficient flexibility to raise capital in the ever changing regulatory landscape The PRA and the European Banking Authority have confirmed that they have no objection to CCDS qualifying as capital under CRD IV CRR A special resolution was passed by our members at the 2012 Annual General Meeting to ensure that the correct constitutional framework is in place to allow CCDS to be issued Useful links RNS announcements Show all expandable content Hide all expandable content Prospectus select to show or hide related content The Prospectus 22 November 2013 PDF relating to the inaugural issue of CCDS contains the Conditions of Issue of the CCDS The information contained in the Prospectus relating to the Society and its businesses was prepared as at the date of the Prospectus The Prospectus has not been and will not be updated to reflect any changes in the affairs of the Society Distribution policy select to show or hide related content The Distribution Policy PDF sets out the Board s expectations as regards to the declaration of Distributions on the CCDS The Distribution Policy is indicative only and is not binding on the Society The payment of any Distributions is wholly within the discretion of the Society The Distribution Policy may be amended by the Society at any time Cap on Distributions select to show or hide related content Notice is hereby given by the Society that in respect of its financial year ended 4 April 2015

    Original URL path: http://www.nationwide.co.uk/about/investor-relations/capital-securities/ccds-market-data-and-investor-information (2016-02-09)
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  • Additional Tier 1 | Nationwide
    with the unexpected homepage Bereavement Redundancy Illness money View all Dealing with the unexpected Can t find what you re looking for Ways to contact us Find your nearest branch About We re the world s largest building society Run for the benefit of our members Being a building society means that we re free to reinvest our profits to improve the products and services we offer About Nationwide About View all about Why choose Nationwide Why choose Nationwide Why choose Nationwide homepage All about membership Citizenship Awards and achievements View all Why choose Nationwide Have your say Have your say Have your say homepage Member TalkBacks Annual General Meeting Social media View all Have your say Corporate information Corporate information Corporate information homepage Governance Our history Results and accounts View all Corporate information Your Nationwide Your Nationwide Your Nationwide homepage Your rewards Your voice Your society View all Your Nationwide Media Policy and Legal Media Policy and Legal Media Policy and Legal homepage Media Centre Policy and Public Affairs Information for Lawyers View all Media Policy and Legal House Price Index House Price Index House Price Index homepage House Price calculator Reports archive Download data View all House Price Index Investor relations Investor relations Investor relations homepage About the business Funding programmes Investor queries View all Investor relations Our people Our people Our people homepage Working for us Jobs at Nationwide Graduate programmes View all Our people Can t find what you re looking for Ways to contact us Find your nearest branch Support We re here to help whether you need assistance with one of your accounts or if you just have questions you d like answered View all support Support View all support Emergency help Emergency help Emergency help homepage Important Travel Information Lost or stolen card Unusual activity on my account View all Emergency help Product support Product support Product support homepage Current Accounts Savings ISAs Mortgages View all Product support Ways to bank with us Ways to bank with us Ways to bank with us homepage Internet Banking Mobile Banking Telephone Banking View all Ways to bank with us Travel Travel Travel homepage Fees and charges Emergency numbers Travel insurance FAQs View all Travel Contact us Contact us Contact us homepage Send us a message Call us Make a complaint View all Contact us Dealing with difficulties Dealing with difficulties Dealing with difficulties homepage Money worries Bereavement Power of Attorney View all Dealing with difficulties Security centre Security centre Security centre homepage Internet Banking security Mobile Banking security Fraud awareness View all Security centre Accessibility Accessibility Accessibility homepage Web accessibility Branch accessibility Setting up your browser View all Accessibility Can t find what you re looking for Ways to contact us Find your nearest branch Contact Us Branch Finder Register for Internet Banking Search Select this to show hide the search box Search Search this site Search Log in menu Select this to reveal panel with log in and registration links for Internet Banking Internet

    Original URL path: http://www.nationwide.co.uk/about/investor-relations/capital-securities/at1-market-data-and-investor-information (2016-02-09)
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