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A view from the floor

Britannia members have again strongly endorsed the building society&#39s mutual strategy by voting overwhelmingly in favour of pro-mutual candidates in the annual board elections. More than 284,000 members returned their voting forms – that&#39s 23% of those eligible to vote – even though there were no contentious issues on the ballot paper and no challenge to the board&#39s recommended candidates.

Around 95% of those voting supported each of the board&#39s five recommended candidates – non-executive directors Francis Gugen, Chris Jones, Bridget Rosewell, Elizabeth Walmsley and myself.

Some 92% voted in favour of the remuneration report which explains how directors&#39 pay is calculated. Because it is not a plc, Britannia does not have to ask members to vote on remuneration policy but it does so because it is committed to best practice in corporate governance.

The results were a ringing endorsement of Britannia&#39s strategy to remain independent and mutually owned. Year in, year out our members demonstrate their belief that mutual ownership is right for Britannia and right for them. They recognise that at Britannia, membership means a great deal.


Skills Council proposals need a rethink

An open letter to the Skills Council from John EllisThe LIA welcomes the opportunity to comment on the proposals on modular exams set out in your March 17 letter. Qualifications and appropriate examsThe concept appears to be emerging in section eight of the consultation paper that the exams (FPC etc.) currently listed as approved by […]

London Scottish Mortgages appoints management team

London Scottish Mortgages has appointed a management team ahead of its planned relaunch at the Mortgage Business Expo in May. LSM&#39s team will be led by Kevin Cooke as head of secured lending, with Martin Coates assuming responsibility for sales and marketing activity. They replace the previous directors, Mike Rashman and Carl Montlake, who have […]

CEBR revises GDP growth for 2004

The Centre for Economics and Business Research has revised its GDP growth forecast for 2004 from 2.4% to 2.5%. Forecast growth for 2005 has also been revised up, from 2.1% to 2.3%. Beyond 2005, growth is forecast to be stable in the 2.2-2.5% range. But the CEBR says the forecasts show, and this is supported […]

UK singles feel they are financially penalised

Over a third of singletons believe they&#39re penalised financially, research from cahoot has revealed. Monthly outgoings for a single person can be as high as those for a couple who have the advantage of sharing household bills. A single person only benefits from slightly lower food bills and a 25% discount on Council Tax. Singletons […]


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