July 2025 – The Guardian article by Nils Pratley questions the need for an overhaul of the governance of this society after the exclusion of members from any involvement in the acquisition of Virgin Money with £2.9bn of members’ money and the CEO’s self awarded £7mn for doing so.
“the boast about not being answerable to shareholders rings hollow when you see the limits of democracy, and thus boardroom accountability, at Nationwide.”