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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Will a Nationwide customer’s boardroom challenge shake up UK corporate governance?

Two women walk past a Nationwide building society branch with a blue storefront on a high street
Only three member-supported candidates have been elected to Nationwide’s board in living memory. Photograph: Michael Kemp/Alamy

In July 2016, in a canalside conference centre in central Birmingham, Theresa May took the stage for a speech that would formally launch her Tory leadership bid.

The home secretary of six years was seen as a safe pair of hands, including by the business community still reeling from the shock result of the Brexit referendum. What business had not banked on, though, was a social reform platform that would see May pledge to rein in corporate Britain and give workers and consumers seats on company boards.

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