The Top Regular Savers Discussion Thread

gpman

https://forums.moneysavingexpert.com/discussion/comment/82079515#Comment_82079515

"Also, it may happen some day that a good savings product will be offered to existing members but only those who cast a vote in the last AGM."

Unlikely, imho.

Most BS (& I'm sure that includes MBS) use an independent, third party election scrutineer to manage AGM ballots.

The BS only usually receives aggregated results of each ballot from the independent scrutineer.

I think the poster originally asking about this was suggesting they, as a shareholder, could propose a motion at the AGM to be put to the vote to force the BS to offer a high paying account. Whilst a shareholder can usually ask a question, or otherwise make a comment at an AGM (or sometimes by post in advance), getting a motion proposed & agreed and put to the vote at an AGM is something quite different.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82079661#Comment_82079661

While active membership participation is always encouraged by the BSs (presumably for marketing purposes - an engaged member is always more likely to save/borrow from their "own" Society) I can't see them introducing preferential products just for "active" members - would be divisive, would add admin and would only last a year before the majority of members clued-up and all voted in the next AGM round just to get the perk.

happybagger

https://forums.moneysavingexpert.com/discussion/comment/82079661#Comment_82079661

Given that members resolutions need to be signed by 500 members, and the society won't/can't release members names and addresses, members resolutions are nigh on impossible anyway.

The illusion of democracy.