PFS Board seeks information in relation to AGM votes
Publication date:
15 November 2024
Last updated:
15 November 2024
The PFS Board will be writing today [15 November] to those PFS members who voted against two items of ‘ordinary business’ taken at the PFS AGM 2024 on 11 November:
Item 1) that the Report and Financial Statements of the Society for the year ended 31 December 2023 be received and considered;
Item 2) that Crowe U.K. LLP be reappointed as Auditors of the Society for the financial year ending 31 December 2024 and that the Directors be authorised to agree their remuneration.
Both items were voted against, the results were:
Item 1)
Votes For: 177 (43.3%)
Votes Against: 232 (56.7%)
Item 2)
Votes For: 191 (47.3%)
Votes Against: 213 (52.7%)
It is important for the PFS Board to understand the reasons why those members who voted, voted against these items, so that appropriate action may be taken. It is particularly important to understand the reasons for the votes in relation to Item 2, as this vote renders the position of the auditor of the PFS as vacant, thereby triggering the need to appoint an auditor as soon as possible to allow the PFS to fulfil its requirement to file audited accounts in line with Companies House deadlines in 2025.
The PFS Board intends to consider the information it receives at its Board meeting on 4 December, to inform its next steps. The outcomes will be communicated to all members before Christmas.
Christine Elliott, Chair, PFS Board
