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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Email 5a: 3rd March2017.Today and yesterdays AFR plus quick quiz

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Brett Stevenson
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Joined: Fri Mar 24, 2017 10:43 am

Email 5a: 3rd March2017.Today and yesterdays AFR plus quick quiz

Post by Brett Stevenson » Mon Apr 03, 2017 9:15 am

Hi all,

Today and yesterdays AFR.
Sorry if repeated today.
Had a few hiccups with my mailing list. Will sort out over the weekend so won’t happen again.

Quiz One
A little quiz for members to highlight one of the governance problems at CPA Australia
1. Why can’t members vote for the board?
2. Is ‘appoint’ the same as ‘elect’?
3. I wonder what word they use in the CPA Australia constitution in relation to directors and the Representative Council?
4. Can you guess why that might be?
5. Can you see any link between this and constitutional changes since Alex Malley became President then CEO?

How did you go?

Maybe I should have a quick Friday quiz for members just to highlight a few issues which you can confirm yourselves.
Next Friday I’ll do on the quiz on another obvious corporate governance “Do you believe that?’ moment in CPA Australia’s chequered past.

Oh, why wait. Lets double up this Friday eh?
Just a very quick one

Quiz Two
1. How many members voted ON the constitutional changes at the AGM’s in 2012 and 2014?
(a little hint: in 2012 it was under 200, and in 2014 it was under 600)
2. How many members voted FOR the constitutional changes at the AGM’s in 2012 and 2014?
(a little hint: in 2012 it was under 150, and in 2014 it was under 480 with 300 being proxies Mmm)
3. How many members does CPA Australia have?
(hint: up around the 150,000 mark)
4. When Alex Malley said (at the 2014 AGM) that the 2014 changes received ‘overwhelming support’ from the membership, what do you think?
5. Is this indicative of the ‘overwhelming support’ Alex Malley’s approach has with members?
6. I’ll leave you to ask the next question?

Well how did you go on that one?

I’ll publish the correct answers with the email on Corporate Governance is a Joke at CPA Australia

See if you can come up with additional quizzes. Am happy to publish them in the emails.


Cheers

Brett



Rear Window
Mar 2 2017 at 8:51 PM
Updated Mar 3 2017 at 12:22 AM
Alex Malley's members open eyes to CPA salaries


by Joe Aston
Long-suffering fee-payers to CPA Australia, the fiefdom that Alex Malley built, are rising up. The hornet's nest has been kicked by Armidale accountant Brett Stevenson, whose analysis of constitutional changes plus Board and executive remuneration at the professional standards organisation, in all-member broadcasts, has sparked a torrent of correspondence between them and the Southbank Secretariat.

On the very day that Malley became CPA president, October 1, 2007, a constitutional change was effected to increase the president's salary by a healthy 50 per cent – from 40 per cent of the Commonwealth Auditor-General's remuneration, to 60 per cent of it. At the same time, the deputy president began earning 25 per cent of the A-G's pay. That was previously a volunteer position.

Malley jumped from the lucrative presidency to the even more lucrative (and disruptive) CEO's gig. The position was never advertised. Malley's friend Richard Petty – they lectured at Macquarie University together – replaced him as president.

From April 1, 2010, the rest of the Board (until then honorary and unpaid) began earning 15 per cent of the A-G's package – which in 2016, is $692,200. That means CPA's (non-executive) president is trousering $415,200 in 2016 while other Board members get $103,800 to attend seven meetings (11 for those on subcommittees). At the same meeting, another amendment extended the maximum terms of directors from six to nine years.

Of 155,000 members paying fees of around $700 each year, around 450 of them voted for the resolutions to extend directors' term limits and introduce or increase their pay.

Yet as the Board stands today, three members have served for more than a decade: Petty now in his 11th year (during which time he's trousered $1.125 million in director's fees), Graeme Wade in his 11th year ($1.42 million) and Kerry Ryan ($615,000) hitting the big 10 in October, all in apparent breach of the organisation's constitution.

Meanwhile, Malley and two direct reports shared an executive remuneration pool of $2.95 million in 2016. Either Petty or Wade is chair of the Board's Nomination and Remuneration Committee (strangely, both of their bios on the CPA website claim the title).

In 2015, Wade also became chairman of the National Basketball League. CPA Australia is a major sponsor of the NBL. Don't start us on the Australian Open.

We guess this is where you expect us to come up with a punchline, but we're not sure this story really needs one.


Rear Window
Mar 1 2017 at 11:30 PM
Updated Mar 1 2017 at 11:30 PM

There's nowhere CPA's Alex Malley and his sidekick won't go for their members


Bryce Corbett

If we were to come back in another life (as if this one hasn't been eventful enough ...), we think we'd like to come back as Jillian Bowen – the accomplished self-styled producer of all of the sparkling content to which Australian business messiah Alex Malley lays claim.

What do you mean you haven't read The Naked CEO? It's the heart-warming tale of the suspended schoolboy who became a disruptive CEO. Or something. The content was "developed" by Bowen. What do you mean you haven't seen In Conversation with Alex Malley on the Nine Network? It's that paid content that goes out every week in the prime-time slot of 9.30am on Sunday – delving as it does into the winning views on business success of Nadia "Perfect 10" Comaneci and Henry "The Fonz" Winkler (last seen doing pantomime in London). The show is executive-produced by Bowen.

"If I had to pick one (career) highlight…I couldn't," Bowen gushes on her Linked In page. "I'll try to stick to two. The first was receiving an email from Wiley (publishers) saying they wanted to turn The Naked CEO content into a book. And now it has notched up nearly a full year as the #1 seller in the Australian business category." The second is not that interesting.

She's a busy little beaver, this Bowen. Just take a look at her Facebook page. There she is one week posting a photo from the first-class Qantas lounge in Los Angeles, there she is in another posting a pic of her lobster and steak at the Mickey Mantle Steakhouse in the US. Oh look, a photo from a Covent Garden hotel, a snap from inside the Qantas first-class lounge in Melbourne (destination China) and a picture of a Qantas boarding pass for a recent flight from Melbourne to Sydney displaying her Oneworld Emerald frequent flying status.

Jillian Bowen's social media post trail. Caption: "a little bit of TLC from the Qantas Platinum One team" ... at least ...
Jillian Bowen's social media post trail. Caption: "a little bit of TLC from the Qantas Platinum One team" ... at least she has good taste in newspapers ... Supplied
We reached out to Bowen and asked her if these jaunts were all undertaken in the pursuit of her CPA Australia-sponsored day job? And if so, if she thought the members of CPA Australia (mum and dad accountancy shops) were getting their money's worth out of her globetrotting. By the time of going to print, we hadn't received a response. We asked the same question of CPA Australia, but got no response from them either.

No matter. Disgruntled CPA Australia member Brett Stevenson was happy to weigh in. "The book, the TV show, it's all just the biggest rort on us members and we're getting increasingly sick of it," he said. "I mean, we're an Australian accountants membership organisation. What can The Fonz possibly have to tell us that we need to pay a membership fee to know?"

(Look up the photos in the AFR articles section of the website)
Jillian Bowen's social media post trail. Caption: "yes that is lobster and steak".
Jillian Bowen's social media post trail. Caption: "yes that is lobster and steak". Supplied
Jillian Bowen's social media post trail. Caption: "traveling to Beijing China."
Jillian Bowen's social media post trail. Caption: "traveling to Beijing China." Supplied
Jillian Bowen's social media post trail. Caption: "a little luxe before we get on the plane."
Jillian Bowen's social media post trail. Caption: "a little luxe before we get on the plane." Supplied


Brett Stevenson CPA BComm MDiv
bstevenson100@gmail.com

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