The 2022 AGM was held on Tuesday 25 January 2022.
The Notice of Meeting is shown below:
Shareholders had the option to send questions prior to the AGM and to receive a response from the Company.
The following questions were asked and the Company responded as shown:
1. Are all staff paid the real living wage and, if not, are there plans to adopt this. Quite understand this has been a difficult period 2. How many apprentices does M&B currently have and are there any connections with local catering colleges? 3. Many catering staff in my area have been volunteering during lockdown with Cambridge Food Hubs, backed and supported by Cambridge City Council to alleviate food poverty and inequality and to work towards net zero carbon and zero food waste working with Cambridge Sustainable Food. Apart from national charities, could M&B make connections with local initiatives, such as those in Cambridge as part of their net zero and social strategy?
Taking each of your queries in turn:
1. There are no plans currently to adopt the real living wage. All staff are paid at least the national living wage in accordance with the age bandings. Many employees benefit from tips and gratuities in addition to their hourly rate, which are managed at site level and passed on in their entirety to staff members. When these are included, overall earnings in many cases are in excess of the real living wage rates.
2. Apprenticeships are a significant part of our succession strategy, with the aim of developing people to supervisory and management roles. We currently have around 2,000 employees completing an apprenticeship. As you might expect, we have a number of formal and informal links with local catering colleges developed both centrally and at individual site level.
3. As to volunteering, we do not keep location specific information however we do make volunteering opportunities with our charitable partners available to our employees. Our overall focus is on using the scale of our business to benefit communities by working with our charitable partners across the Company or at brand level, be that with FareShare, Mind, Shelter, Social Bite or various other relevant charities. Alongside this activity, there are countless outlet-led and individual contributions to the community which take place daily, from sponsorship events to small acts of kindness.