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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Tatyana Klauzner - Legg Mason Capital Management

Issues at CPA Australia needing investigation and/or review.
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JWheldon
Posts: 332
Joined: Wed May 24, 2017 6:43 pm

Tatyana Klauzner - Legg Mason Capital Management

Post by JWheldon » Mon Jul 03, 2017 11:02 pm

Richard Petty's wife works at Legg Mason Capital Management. She is Asia’s head of corporate communications at Legg Mason Global Asset Management.

On page 93 of the 2016 CPA Australia financial accounts. CPA Australia has invested $1,254,000 with Legg Mason Balance Trust.

Is Legg Mason the most appropriate investment?

Is there any conflicts of interest, which have not been disclosed to the members of CPA Australia with regards to this investment?

Is there any related party disclosure which needs to be made?

Should CPA Australia disclose the fees paid to Legg Mason with regards to this investment?

Eric Nacpa
Posts: 45
Joined: Fri Jun 09, 2017 11:21 am

Re: Tatyana Klauzner - Legg Mason Capital Management

Post by Eric Nacpa » Mon Jul 03, 2017 11:10 pm

Hmmmm ? No idea.
Yes
Yes
Yes!

passedfc
Posts: 113
Joined: Mon May 29, 2017 3:14 pm

Re: Tatyana Klauzner - Legg Mason Capital Management

Post by passedfc » Tue Jul 04, 2017 9:08 am

nice cosey little arrangement.. Seems Petty, Mallee and co like to keep the dollars floating around in the family.
Just a small matter of disclosure.. or maybe just ethics...
Would have been and interesting question at the AGM for the Deputy CFO on the Investment policy... " nothing too high risk... ( we just keep it all in the family !!!)
What a joke. !!
Bring on the forensic investigation .. !!

deaneus
Posts: 189
Joined: Mon Apr 03, 2017 9:09 pm

Re: Tatyana Klauzner - Legg Mason Capital Management

Post by deaneus » Tue Jul 04, 2017 12:49 pm

JWheldon wrote:
Mon Jul 03, 2017 11:02 pm
Richard Petty's wife works at Legg Mason Capital Management. She is Asia’s head of corporate communications at Legg Mason Global Asset Management.

On page 93 of the 2016 CPA Australia financial accounts. CPA Australia has invested $1,254,000 with Legg Mason Balance Trust.

Is Legg Mason the most appropriate investment?

Is there any conflicts of interest, which have not been disclosed to the members of CPA Australia with regards to this investment?

Is there any related party disclosure which needs to be made?

Should CPA Australia disclose the fees paid to Legg Mason with regards to this investment?
That's a great pick-up. Instead of reading your username and continually thinking you are Joss Whedon, I will now think of you as "Nailgun".

What a crock. Or, what a co-incidence that the best place to invest $1.3M was with a company one of the senior board member's wives ran. What are the odds?

Putting that into my submission to the Inquiry.

User avatar
The Nude CPA
Posts: 254
Joined: Sat May 06, 2017 4:21 pm

Re: Tatyana Klauzner - Legg Mason Capital Management

Post by The Nude CPA » Tue Jul 04, 2017 6:45 pm

Interesting! And, great pick-up!

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