Nationwide Directors want to hear you !!!!

[FairlyNiceChap]

So why not give them a visit!!

 

 

The following comments are easily findable on the Nationwide Web site

Apparently the directors attend these events

Can we use this thread to pull together some good quality questions to be raised and perhaps some informative leaflets to be handed out at the meetings

 

Note that you need to register to attend

 

Forthcoming events

 

TalkBacks start at 6.30pm unless otherwise stated

25 January 2007 - International Study Centre, Canterbury Cathedral, Canterbury

With Graham Beale and Charles Reed

14 March 2007 - Emirates Stadium, North London

With Graham Beale

31 May 2007 - Hampden Park, Glasgow

With Graham Beale and Peter Leydon

 

 

 

 

 

About Nationwide - Listening to you - Talkback booking form

 

If you cant make it...

 

About Nationwide - Membership matters - Putting you first

 

My first draft for a question would be along these lines but then I'm an idiot

 

 

 

 

You state that are only accountable to us the members rather than shareholders. If deliberately,mistakenly or otherwise it were shown that Nationwide had unlawfully or illegally acted against the interests of a large proportion of its members it would doubtless hurt the Society.

 

Accordingly, given the issue that has been raised over unlawful charges by a number of members, and given the fact that Nationwide has in every case recorded thus far on the Consumer Action Group Website "caved in" and settled out of court amounting to probably not less than £XXXX refunded to NNNN members - questions arise.

 

 

Is this a defacto admission that Nationwide cannot defend its position

 

and so does the current strategy represent Members best interests?

 

 

1) If Charges have been unlawfully levied should you not make appropriate provisions to refund all members effected without requiring them to take individual action?

2) In the meanwhile is it appropriate that our poorest members, will typically bear the burden of greatest charges disproportionately?

3) Could we by coming "clean" attract new business opportunities and actually become the heroes of consumers, rather than "evildoers"

4) Are we not exposed to the risk that a legal precedent may be forced by members of the Consumer Action group.

 

 

 

Is the current strategy of brinksmanship failing and seeking multi-track court allocation actually shooting us in the foot

 

 

 

It means we bear the costs of legal advice which is either in small claims track so irrecoverable or in a precendent setting judiciary where we would not want to risk the precedent.

 

 

It seems that in either case early settlement would be preferable as contractual interest accrues faster than our cost of borrowing - (:pHint pay us off) so long as a large proportion of cases do not back down

 

 

 

If this is the case, why put members through the distress instead of simply giving back what is theirs, when we will in fact lose any court action

 

If it is not the case, why are we settling when we need not?

 

 

 

It seems that the Corporate Governance issues of the board relating to duties in respect to lawful behaviour and serving members have at the very least been compromised.:o

 

 

 

 

See you there !!!

[redsue]

bump

[BankFodder]

How does one get in? Tickets?