Our Annual General Meeting raises £1,164 for Centre 33

27 April 2021 • Corporate

The Cambridge hosted it's 171st Annual General Meeting (AGM) on Monday 26th April at the Society’s Head Office.

With our Members joining us virtually, and fully observing social distancing requirements, the locally based Board assembled at Head Office to conduct the formal matters on the agenda, whilst the rest of the Board ‘attended’ via video conference. Our Members still delivered their feedback by voting strongly in favour of all of the Resolutions by post or online in advance of the meeting, enabling us to record that the resolutions were passed. The results of the votes and a copy of the Vice Chairman’s speech are available here.

Members voted in favour of the following:

  • To receive the Directors’ Report, the Annual Accounts, the Annual Business Statement and the Auditors’ Report for the year ended 31st December 2020.
  • To approve the Directors’ Remuneration Report.
  • To approve the appointment of Mazars LLP as Auditor to the Society for the period from the conclusion of the meeting until the next general meeting at which accounts are laid before the Society, following the resignation of KPMG LLP
  • To approve the election of Directors
  • To approve the re-election of Directors
  • To pass that the Memorandum of the Society be amended
  • To pass that the Rules of the Society be amended

Although not able to join us in person, to say thank you we donated 25p for every postal vote and 30p for online votes to Cambridge based charity Centre 33. This year we received 4,181 votes, and we’re delighted to confirm we have donated £1,164 to help the local charity that support young people up to the age of 25 with mental health, caring responsibilities, sexual health, and housing. A very worthy cause close to our heart.

Vice Chairman of The Cambridge, Stephen Jack commented on this year’s AGM, “The Society went into 2020 with strong momentum to continue to grow and develop its business and to deliver on the Board’s objective of making The Cambridge a thriving, independent, mutual Society. That strategic intent remains unchanged, but much of our focus last year was necessarily on adapting the Society firstly to manage the challenges of COVID-19, and secondly to be positioned to operate successfully in a post-pandemic world. Our guiding principles throughout the pandemic have been to look after our people, and to be there for our members.”