The Cambridge host their 170th Annual General Meeting

28 April 2020 • Corporate

The Cambridge’s 170th Annual General Meeting (AGM) was held on Monday 20th April at the Society’s Head Office.

With no customers present and fully adhering to social distancing requirements, the locally based Board members convened at Head Office and conducted the formal items on the agenda, whilst the rest of the Board ‘attended’ via video conference. Our Members still provided 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 Chairman’s speech is available here. Members were also given the opportunity to have their say in how the Society is run by submitting their questions in writing in advance of the AGM.

Members voted in favour of the following:

  • To receive the Directors’ Report, the Annual Accounts, the Annual Business Statement and the Auditor’s Report for the year ended 31st December 2019
  • To approve the Directors’ Remuneration Report
  • To approve the re-appointment of KPMG 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
  • To approve the re-election of Directors

Although they were not able to be with us in person, this year we supported two charities through our AGM. For each vote our members cast we donated £0.25. This year we received over 3900 votes, and we’re delighted to confirm we have donated £500 to both YMCA Trinity Group and Cambridge ReUse.

The Cambridge Chairman, Jonathan Spence commented on this year’s AGM, “Due to the coronavirus pandemic this was an unusual AGM. The Cambridge is an increasingly sophisticated financial services institution, but we remain rooted in our local community and committed to making a difference to those who live and work in and around Cambridge. We are clear on our purpose: to find ways to help people have a home by supporting people who couldn’t buy without our help, and working with groups in our community who offer services for shelter and housing.”