I have attached an analysis of expenditure at CPA Australia over the last four years.
Also some comments in relation to minimum disclosure.
Have a look and see what you think.
Methinks that hiding behind the minimum disclosure are lots of expenditure items that would horrify the members if we really knew - key management personnel remuneration and international travel by directors would be just two that would lead to a revolution by members if we knew.
I think that should happen just because they don't fully disclose them.
Full disclosure on expenditure is the only real check we have on the wastage and possible rorting that could be going on at Head Office. Without it we are left flying in the dark with just assurances from the board and senior executives that all is well.
Thats like the fox saying that the chickens in the henhouse are fine and well. I contend that without more full disclosure on the remuneration of the kmp I regard their remuneration as obscene and outrageous and they are guilty of the very thing we are concerned about. They may call it 'making hay while the sun shines'. I call it something very different, and until they fully disclose the individual remuneration to the board and the senior executive, I regard it as tantamount to personally profiting at the expense of the members. $5,508,000 in 2016 between 15 people, or whom 12 are directors is a disgrace however you want to look at it.
|Merry Christmas to Peter Wilson. When it was suggested that Peter Wilson should be independent of the old board so that we can have a fresh start Peter responded with "That's your issue". Summary of the meeting here: viewtopic.php?f=23&t=594|
A good summary of where we are up to by Joe Aston of the AFR, linked to from here: viewtopic.php?f=5&p=4137#p4137
If you are new to this website read the story so far: viewtopic.php?t=321#p1793
Check out some of the AFR articles, too many to list and check out some of the ABC reports: http://www.afr.com/business/accounting/ ... 215-h055ej http://www.afr.com/business/accounting/ ... 211-h02x1d http://www.abc.net.au/news/programs/the ... s,/8626662
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Are minimum disclosures appropriate for an organisation that is supposed be setting the standard. What disclosures should be happening.
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- Expenses at CPA.pdf
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