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2012 AGM
The Society’s 105th Annual General Meeting was held on 25th April 2012.
Once again, Members and guests were welcomed at the 17th Century Friends Meeting House in Jordans, near Chalfont St. Giles. Despite the rain, we were pleased to welcome many familiar faces and some newer members to the Meeting. Thank you to all who were able to attend and to all who took the time to vote by proxy before the event.
Both the Chief Executive, Ivan Gould, and Chairman addressed the meeting, reporting a very successful 2011 and a great start to 2012. Our Chairman, Robert Currie, highlighted the various Board changes that had taken place since last year’s A.G.M..
Members were introduced to two new non-executive Directors, Robin Bailey and Steve Nichols, who had been appointed during recent months, and to Sharon Constançon, who has joined the Board since the Meeting.
Robert noted the resignations, of Jim Payne and Declan Mullen. Both had had to resign during the latter half of 2011 for personal reasons and their valuable service to the Society was noted. We also were sorry to say goodbye to two longstanding non-executive Directors, who retired at the A.G.M. in accordance with corporate governance best practice requirements. Both Andrew Davies and Keith Green had served since 2001 and each had undertaken a number of high profile board positions during their tenure. Robert presented them with tokens of thanks from the Society.
During the proceedings, Members raised questions on a diverse range of topics, covering such matters as the new bonus scheme, board changes and changes to the regulatory environment, in addition to clarification of specific elements of the accounts. We were delighted by the many complimentary comments on aspects of customer service and on the excellent annual results.
The short presentation on our new internet banking facility was well received, prompting several further questions after the Meeting.
Fortunately most attendees were able to stay for refreshments, allowing opportunity for informal conversations with Directors and Managers of the Society.
The Society had pledged to make a charitable donation of 30p for each vote cast online or at the A.G.M. and 15p for every postal vote cast. A rounded up donation of £400 has been made to the Iain Rennie Grove House Hospice.
The results of Members’ votes were as follows:
| Resolution | Votes For | Votes Against | Abstentions | % of votes cast in favour |
| To receive the Annual Report and Accounts | 1507 | 29 | 39 | 98.11% |
| To re-appoint Deloitte LLP as Auditor | 1427 | 100 | 48 | 93.45% |
| To approve the Directors’ Remuneration Report | 1241 | 258 | 76 | 82.79% |
| To re-elect Ivan Gould | 1385 | 125 | 65 | 91.72% |
| To re-elect Michael Stannard | 1371 | 137 | 67 | 90.92% |
| To re-elect Robert Currie | 1365 | 141 | 69 | 90.64% |
| To elect Robin Bailey | 1378 | 119 | 78 | 92.05% |
| To elect Stephen Nichols | 1383 | 113 | 79 | 92.45% |
Date posted: 27/04/2012
2011 Year End Results
Buckinghamshire Building Society publishes growth in year end figures for 31 December 2011
Releasing its year end figures, Buckinghamshire Building Society reported an extremely successful 2011, with a growth in assets of £3m or 1.7% over the previous year and a record profit before tax of £1.34m, a huge increase from 2010.
Chief Executive, Ivan Gould said, “2011 was a record year for the Society, the first time we have ever made such a profit. This will improve our capital position further and strengthen the Society in the face of the uncertain economy. We look forward to working with our Members to provide an excellent range of savings and mortgage products and other services they really want to enable us to continue this period of growth into the future.”
During 2011, the Society achieved a significant increase in small business, charity and pension fund customers, and also increased its range of accounts for children including a new Junior Cash ISA. Regular savings accounts and fixed term bonds continue to be popular with new and existing customers. The Society is an active and prudent mortgage lender, underwriting each application individually to create a more personal approach to lending. At the year end the Society had no properties in possession and no loans more than 12 months in arrears.
Chairman of the Board, Robert Currie stated “I am delighted to report another successful year at the Society. This has only been possible through our Members’ support and loyalty and by the strong belief held by our Directors and staff in our position as a mutual society providing outstanding service.”
Date posted: 03/04/2012
Important Information for Customers
We alert customers to be aware of the following statement from the Financial Ombudsman Service website:
"We've heard that people are getting fraudulent phone calls claiming to be from the Financial Ombudsman Service. The calls ask people to log-on to a scam website that's set up to steal their personal data. The Financial Ombudsman Service does not "cold-call' consumers and we would never ask to connect to your personal computer.If you receive any phone calls from people who say they work at the ombudsman service – but it seems suspicious and you want to check it out -
please phone us directly on 0300 123 9 123."Date posted: 24/02/2012
Office Extension Opening Event
Over 100 of our local customers came along to the official opening of our new office extension. It was a bit of a tight squeeze, but we were delighted to see so many of you and to hear your positive comments on the new building. Following some light refreshments and mingling with a variety of staff, Chief Executive Ivan Gould then welcomed everyone and spoke about how much the Society has grown and what we intend to do in the future. He then spent some time answering a number of questions that were raised.Date posted: 09/08/2011
