The paper contains many suggestions including providing Core Tier 1 capital instrument holders with the right to nominate a board member, with the society's members retaining the right to remove such board members at the annual general meeting.
Wednesday 31 March 2010
UK: building society capital and related issues - consultation paper
HM Treasury yesterday published a consultation paper seeking responses to some very broad questions concerning capital raising by building societies and related governance issues: see here (pdf).
Labels:
board of directors,
building society,
general meeting,
hm treasury,
uk
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