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Written question asked by Navendu Mishra (Labour) on Tuesday, 19 May 2026, in the House of Commons. It was due for an answer on Monday, 1 June 2026 (named day). It was answered by Rachel Blake (Labour) on Monday, 1 June 2026 on behalf of the Treasury.

Building Societies: Meetings

Question

To ask the Chancellor of the Exchequer, whether proposed reforms on annual general meetings will ensure that organisations such as building societies do not move to virtual-only AGMs.

Answer

This Government is committed to supporting the growth and long-term success of the mutual sector, including building societies, in line with its manifesto commitment to double the size of the mutual and co‑operative sector.

The Government recognises the importance of member ownership and engagement as a defining feature of mutuals. Within the existing legislative and regulatory framework, it is generally for individual building societies and their members to determine detailed governance arrangements, including matters such as executive remuneration, board composition and the format of annual general meetings.

The Government has no current plans to introduce prescriptive requirements in these areas, but will continue to keep the framework under review as part of its broader work to support mutuals.

Secondary information

Type
Written question
Reference
2897
Session
2026-27
Registered interest declared
Yes
Grouped for answer
Yes
Subjects
Building societies Internet Meetings Reform
Link
View this Written question on www.parliament.uk