H
business
H
HOYONEWS
HomeBusinessTechnologySportPolitics
Others
  • Food
  • Culture
  • Society
Contact
Home
Business
Technology
Sport
Politics

Food

Culture

Society

Contact
Facebook page
H
HOYONEWS

Company

business
technology
sport
politics
food
culture
society

© 2025 Hoyonews™. All Rights Reserved.
Facebook page

Nationwide should give its boardroom challenger a fair run

about 24 hours ago
A picture


James Sherwin-Smith, who is aiming to become the first customer to be voted onto the board of Nationwide in nearly 25 years, deserves top marks for perseverance.A year ago his attempt to get his name on the ballot paper was stymied, or so it seemed, by data protection rules and so forth.This time, he has the necessary 250 nominations to be a candidate at the July annual meeting.It is a development to welcome.As argued here a year ago, there is something of a democracy deficit at Nationwide.

While the UK’s most important mutually-owned society understandably milks the fact it does not have to answer to beastly shareholders, ownership by the members does not always translate into giving those members a real voice in how the place is run,When Nationwide bought Virgin Money for £2,9bn in 2024 there was no poll of members, even though a publicly-listed bank would have to win formal approval from its shareholders to increase the size of its balance sheet by a third,Nationwide argued its hands were tied by the 1986 Building Societies Act, which was legally accurate, but it was not a good look,Equally, it is perverse that Nationwide does not give its members a binding vote on boardroom pay.

When the chief executive has the potential to earn up to £7m a year, a very bankerly rate of remuneration, it really ought to ensure the members are OK with the approach, which implies a vote with teeth rather than an advisory version,Sherwin-Smith, note, does not come across as a one-dimensional rabble-rouser,He’s a former executive in the world of payment systems and presents himself as a critical friend of Nationwide,His manifesto, as it were, contains such non-radical ideas as “improving transparency” and helping to ensure the benefits of mutual ownership are “balanced”, a nod to the perpetual internal debate over the virtues of “fairer share” cash loyalty payments v keener pricing of savings and mortgage products,On the face of it, he may have something to contribute to boardroom discussion.

Is it possible that Nationwide’s board might even endorse Sherwin-Smith’s candidacy? That feels unlikely.But the building society should be careful to allow him a fair run.Another contentious aspect of voting at Nationwide is its use of a “quick vote” electronic system that allows members to tick a single box in favour of all the board’s recommendations.The claimed justification is greater engagement and a higher turnout.But the potential for such a set-up to squash an outsider’s election chances is obvious: nobody has to use the quick system, but in practice the board starts with a chunk of the votes in its back pocket.

In the circumstances, it would be the best way to keep things simple and suspend the “quick vote” system for this year’s meeting.If the board wants to oppose Sherwin-Smith, which it is perfectly entitled to do, it should make its case openly for why it considers him unsuitable or not needed.Whatever its recommendation, the board has reasons to be confident of prevailing in the end.Nationwide is a high-performing organisation that scores well, year after year, in surveys of customer satisfaction.It should not need to use a loaded voting system.

societySee all
A picture

Home blood pressure checks could reduce risks after hypertensive pregnancy

New mothers who had hypertension in pregnancy could reduce their risk of heart attack, stroke and potentially early death through daily blood pressure checks at home, research suggests.Women who regularly monitored their blood pressure in the weeks after giving birth, and had doctors tailor their medication if needed, had better functioning arteries nine months later than those who received routine care, scientists found.When the medication was adjusted to account for blood pressure changes, the women ended up with less stiff arteries, an effect that researchers at the University of Oxford estimate could reduce the future risk of heart attack or stroke by 10%.Paul Leeson, a professor of cardiovascular medicine who led the study, said the findings suggested that the weeks after birth provided a “powerful and often overlooked opportunity” to protect women’s future health.“By simply monitoring blood pressure at home, new mothers with hypertensive pregnancies can protect their bodies from future damage,” he said

1 day ago
A picture

Four-fifths of UK mental health nurses say their workload is unmanageable

Mental health patients in the UK are routinely coming to harm because of high caseloads, understaffing and overwhelming administrative work, according to a poll that found only a fifth of specialist nurses felt their workload was manageable.Prof Nicola Ranger, the general secretary of the Royal College of Nursing, said mental health nurses were caught in a “perfect storm” and unable to keep up with rising demand, with patients paying the price by missing out on crucial care.Half of the specialist nurses who responded to the RCN union’s UK-wide survey said mental health patients “frequently come to harm” because caseloads are too high, with a quarter feeling that time pressures lead to daily issues with patient deterioration, relapse or self-harm.Nearly two-thirds said their caseloads had risen “a lot” in the past three years, while excessive admin and a “tick box” culture were blamed for taking away valuable time for patient care. The poll also suggests that demand for services has grown more than twice as fast as the number of nurses in the field

1 day ago
A picture

Drug use in England spikes during heatwaves and big sports events, research finds

Traces of illicit drugs in wastewater in England show spikes in usage during bank holiday weekends, heatwaves and sports events, while the Eurovision song contest ranks as one of the most drug-fuelled nights of the year.Tests at water treatment plants across the country found clear patterns in drug taking through the week and changing seasons, and revealed particularly high levels of cocaine and ketamine use compared with other European countries.Ketamine is a powerful anaesthetic that can be fatal and is especially dangerous when taken with other drugs. It can damage memory and cause serious bladder problems that can require surgical repair or even lead to removal of the organ.The project, led by Imperial College London for the Home Office, is one of the most detailed investigations to date into drug use in a single country

1 day ago
A picture

People in UK spend fewer years in good health than a decade ago, study finds

People in the UK are spending fewer years in good health than a decade ago, prompting concern that the population’s health is “going backwards”.The sharp decline in Britain’s healthy life expectancy, the amount of time someone spends free of illness or disability, is in sharp contrast to its recent rise in most other rich countries globally.The UK population’s health is poor, getting worse and not undergoing the same steady improvement seen in countries such as Japan, Norway and Spain, according to a new analysis of healthy life expectancy in 21 countries by the Health Foundation thinktank. It went up by an average of four-tenths of a year across the 20 other comparable countries.Healthy life expectancy for men in the UK has fallen from 62

1 day ago
A picture

Britain is undermining the care workers it depends on | Heather Stewart

“We are deflated, we are sad. We feel the government is trying to pull the rug from under our feet,” says David. “It is like we are being criticised for working in a sector which the government called for us to come help with.”David – not his real name – is a care worker for adults with learning disabilities. He came to the east of England from Nigeria in 2022 with his wife as the Conservative government turned to migration to tackle the social care recruitment crisis

2 days ago
A picture

Suicide-related callouts to fire services triple in England in a decade

Suicide-related callouts to fire and rescue services in England have tripled in the last decade, with Samaritans now calling for mandatory training for firefighters, who they say are struggling to deal with the increase in traumatic incidents.New figures show that fire services in England attended 3,250 suicide callouts in the year ending September 2025, the equivalent to 62 callouts a week. This was up from 997 callouts in 2009-10 when records began.Samaritans said firefighters were often among the first on the scene when someone was in suicidal crisis, and despite having to make rapid, life-saving decisions, received no formal mandatory training on how to intervene.Elliot Colburn, public affairs and campaigns manager at the charity, said: “People with this experience are telling us they don’t feel equipped with the training on dealing with someone in suicidal crisis

2 days ago
trendingSee all
A picture

Europe’s smaller airports ‘under threat’ if fuel shortages cause many cancellations

about 4 hours ago
A picture

Barclays cuts back risky lending after £228m hit from UK mortgage firm MFS

about 7 hours ago
A picture

‘They’re supposed to be handmade’: zine creators fight to resist AI influence

about 9 hours ago
A picture

MacBook Pro M5 review: serious power, still long battery life

about 12 hours ago
A picture

‘Like cutting the head off a hydra’: how Mary Cain exposed Nike’s disgraced coaching team

about 7 hours ago
A picture

The Breakdown | Celebrating elite speed machines who can send rugby into the stratosphere

about 9 hours ago