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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Two more Directors gone!

Let's look in detail at our directors individually so the term 'the board' does not minimise their individual responsibility for decisions made and oversight in relation to many of these issues.
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JJF
Posts: 88
Joined: Fri Apr 14, 2017 8:19 am

Two more Directors gone!

Post by JJF » Thu Jun 15, 2017 2:44 pm

AFR is reporting that both Jennifer Lang and Deborah Ong have resigned over the Boards refusal to stand aside Alex Malley!!

Time4Change
Posts: 104
Joined: Mon Jun 05, 2017 2:20 pm

Re: Two more Directors gone!

Post by Time4Change » Thu Jun 15, 2017 2:53 pm

This is an extract -
"Ms Dickson plans to reveal his response on Friday. Two board members, Jennifer Lang and Deborah Ong, resigned on Thursday because Mr Malley won't be suspended as part of that response, sources said."

Link for full article - http://www.afr.com/business/accounting/ ... 615-gwrkfa

Time4Change
Posts: 104
Joined: Mon Jun 05, 2017 2:20 pm

Re: Two more Directors gone!

Post by Time4Change » Thu Jun 15, 2017 2:54 pm

Full article -
"The Australian Securities and Investments Commission has sought information from dissident CPA Australia members about possible breaches of the law by the accountants' body.

As part of a preliminary investigation into complaints of misconduct, ASIC staff are seeking details about possible bullying or harassment at the Melbourne-based organisation, in addition to claims it has breached corporate disclosure rules, according to sources.

After making any initial findings, ASIC staff may refer them to lawyers to determine if further action is needed, a step that would be highly embarrassing for a body responsible for training, representing and disciplining accountants.

An ASIC spokesman declined to comment.

A dissident members campaign led by Armidale accountant Brett Stevenson has created enough publicity that some former national and state CPA presidents have started lobbying internally for changes, possibly including chief executive Alex Malley's resignation.

NSW concerns

The 18-member NSW divisional council, which represents 41,000 CPAs, met informally on Wednesday in Sydney to discuss complaints over high salaries, secrecy, regulatory threats and heavy losses at CPA's new financial planning arm.

The council decided to wait for an announcement on Friday by national president Jim Dickson in response to the crisis, which has upset accountants across Australia concerned it is tarnishing the CPA brand.

Separately, Graeme McGregor, a former CPA national president and BHP finance director, criticised what he said was a lack of transparency over Mr Malley's $1.79 million pay, which was only revealed under legal pressure from Mr Stevenson and his allies.


It is a major governance issue with the CEO that the board's responsible for," Mr McGregor said from his home in country Victoria. "I think the board needs renewal but I don't know how that will come about."

Sympathetic president

Despite a defiant pubic tone, there are signs president Jim Dickson is aware of the anger and is going to implement changes.

One senior CPA member who knows the 79-year-old former CPA employee said he "understands absolutely" why members are upset and is sympathetic to their concerns.

"He is very very conscious of it and will take action," they said.

The board, which has half its members to the controversy in the past fortnight, has kept a discussion about the situation at an emergency meeting on Tuesday confidential, despite journalists' attempts to find out what happened.

Ms Dickson plans to reveal his response on Friday. Two board members, Jennifer Lang and Deborah Ong, resigned on Thursday because Mr Malley won't be suspended as part of that response, sources said.

Two more resign

Mr Stevenson said he wants Mr Malley and two other senior executives to resign immediately, and the departure of two longstanding directors and allies of Mr Malley, Graeme Wade and Richard Petty,

"If these people remain any changes or announcements will be superficial and a whitewash," Mr Stevenson said.

In response to pleas from Mr Stevenson's group, Senator Nick Xenophon introduced a legal amendment in the Senate on Thursday that would require organisations to reveal email as well physical addresses of their members to candidates during directors' elections.

CPA Australia disabled a function on its website giving contact details for members after dissidents used it to built support for the campaign against Mr Malley.

Children suffering

Despite spending millions raising his profile, including billboards in New York's Times Square, Mr Malley and his spokesman, Stuart Dignam, whose title is general manager of external positioning, refuse to speak to newspaper reporters covering the story.

Instead, Mr Malley this week complained to an industry website, Accountants Daily, that his seven children have suffered from the press criticism of him, and that a rival body that represents chartered accountants isn't receiving the same scrutiny.

"In contrast, the CA ANZ, whose record stands as our does publicly, has not had one comment about performance," Mr Malley told the site.

The readers didn't seem convinced. Of 18 comments posted in response to the article, 17 were critical of CPA Australia or Mr Malley.

Even though he has 125,000 followers on Twitter, Mr Malley has kept a low profile on the social media site the past month, although a week ago he posted advice about looking for a job."

TheDevilsAdvocate
Posts: 3
Joined: Mon Apr 17, 2017 3:18 am

Re: Two more Directors gone!

Post by TheDevilsAdvocate » Thu Jun 15, 2017 5:20 pm

I hope when all this is done the baby wouldn't have been thrown out with the bath water.

JWheldon
Posts: 288
Joined: Wed May 24, 2017 6:43 pm

Re: Two more Directors gone!

Post by JWheldon » Thu Jun 15, 2017 6:00 pm

There are enough well qualified accountants and professionals to takeover.

As when Official Liquidators move into a company to take over, there is a period of working out what has happened. So with the removal of Alex Malley, Adam Awty, Jeff Hughes, Richard Petty, Graeme Wade and the rest of the management team, will not stop the organisation from continuing.

There may be a time of adjustment. You could appoint an official administrator to run the organisation, until all the state presidents could meet and then elect a temporary board.

CPA Australia has many staff that work in different areas and on different systems, and know how the systems work, so removal of the above individuals will not mean that the world will stop. Don't forget the overseas staff.

We are accountants after all, or are we lion tammers?????? :lol:

Mike M
Posts: 7
Joined: Thu Jun 01, 2017 9:40 am

Re: Two more Directors gone!

Post by Mike M » Thu Jun 15, 2017 9:33 pm

TheDevilsAdvocate wrote:
Thu Jun 15, 2017 5:20 pm
I hope when all this is done the baby wouldn't have been thrown out with the bath water.
Couldn't agree more. The brand damage caused by will be very, very hard to repair, if at all possible.

JWheldon
Posts: 288
Joined: Wed May 24, 2017 6:43 pm

Re: Two more Directors gone!

Post by JWheldon » Thu Jun 15, 2017 9:54 pm

I would disagree and say that the CPA brand can be rebuilt. It will take time and a new team to help get the positive message out there and foster not only community confidence, but also the profession and the future graduates, but it will be a team effort from all CPA accountants.

Maybe the new team at CPA Australia can get the team from the Gruen Transfer to provide a advertising slogan and marketing pitch for the new CPA Australia.

A new direction focusing on the accountants and not a an individual who believes CPA Australia is his kingdom.

Every brand goes through damage control. With the right marketing and new team, the brand will come back. This is a certainty.

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