May 2001 – Some complaints about the previous board (all of the directors had to resign) of this troubled mutual society were that it was secretive, arrogant and treated members with contempt. However, the new board of appointed members includes a Chelsea Building Society part-time director. This does not bode well for change.
The voting papers, yet again, are well skewed towards the appointed members who are described as standing for “re-election” although never previously elected. Member candidates are treated as second class. The need to use these tactics does not demonstrate either self-confidence or strong leadership.