Anger as Nationwide refuses members a binding vote on boss’s 43% pay hike

Nationwide’s chief executive, Debbie Crosbie, could be paid up to £7m. Photograph: Terry Murden/Alamy

Nationwide is under fire for refusing to give members a binding vote on a 43% pay rise for its chief executive, Debbie Crosbie, that could mean her pay package reaches up to £7m.

Campaigners say it leaves the building society’s members with fewer rights than shareholders of listed UK banks and exposes a worrying “loophole” in building society rules.