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

Lender says Debbie Crosbie's package should compete with banks' but critics say building societies are supposed to be the good guys'

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.