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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CPA Australia 10 Oct 17 - Board update on issues

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

CPA Australia 10 Oct 17 - Board update on issues

Post by JWheldon » Tue Oct 17, 2017 11:45 am

If you read below, it is interest that the CEO set remunerations

"The Board has changed the practice of the Nomination and Remuneration committee. Previously, the CEO set the remuneration levels for the COO positions. Now all senior executive positions at GM level and above will be approved by the Board in keeping with best practice principles. This will be informed by independent benchmarking."

Maybe Alex Malley, set his own payout in his contract, which he had prepared? No wonder the remunerations were increasing so much each year,as Alex Malley had control to increase his supporters pay. A clear indication that the prior boards, gave too much power to Alex Malley, and the board were extremely poor in their management and accountability to the general membership.

https://www.cpaaustralia.com.au/media/m ... tober-2017

Statement from the CPA Australia Board

10 October 2017

Yesterday the new Board of CPA Australia met for the first time at CPA Australia’s Melbourne office and discussed a number of issues that will be ongoing priorities.

In some cases these overlap with issues covered in the Independent Review process. We are conscious of not preempting the outcomes and recommendations of the Independent Review, however in some areas the Board is taking immediate steps.

We want to provide you with an update from our first meeting covering:

Strategy
CEO Recruitment
Director and Executive Remuneration
Governance arrangements
Brand strategy
Member engagement
Staff engagement and culture

1. Strategy

The Board has agreed to review the organisation’s strategy. This will happen in a considered manner taking into account the outcomes of the Independent Review and following consultation with Divisional and Branch members and CPA Australia staff.
2. CEO Recruitment

The Board has approved the CEO search process. The process will be conducted by external executive search firm Spencer Stuart. Advertisements will appear in major media outlets in Australia and internationally.

We encourage those with the appropriate credentials to apply.
3. Director and Executive Remuneration

The Board has approved independent benchmarking for Director and Executive Remuneration. The outcome of this work is expected in November and will be applied to all Directors retrospectively to cover the period from 1 October when new Director terms commenced.

We will provide members with details of reset Director remuneration levels when available. We will also provide details of the outcomes of executive remuneration benchmarking.

The Board has also committed to ongoing transparency in remuneration reporting in its annual report each year.
4. Governance arrangements

The Board is aware that governance arrangements, and flow on changes to the Constitution, are one of the key areas of focus of the Independent Review.

However, the Board is able to begin work in some areas immediately. The new Directors have considerable governance experience and have begun reviewing the organisation’s by-laws and committee charters. The Board has established a new Board committee to oversee member engagement. The charter for this committee is being developed.

The Board also agreed it will establish an implementation committee to oversee the implementation of recommendations from the Independent Review. The charter for this committee is being developed.

The Board has changed the practice of the Nomination and Remuneration committee. Previously, the CEO set the remuneration levels for the COO positions. Now all senior executive positions at GM level and above will be approved by the Board in keeping with best practice principles. This will be informed by independent benchmarking.
5. Brand strategy

The previous strategy of personalising the leadership through branding the CEO role is over. Going forward the CPA Australia brand will be the primary brand. The attributes we will be looking for in a new CEO reflect this change of strategy.
6. Member engagement

Member engagement is a priority for us and the Board plans on being a very active one. We are committed to a new plan for member engagement across our divisions, branches and more broadly.

Our membership is large and diverse and for many members the key touch point with CPA Australia is through forums supported by members volunteering their time.

We have more than 700 members who regularly volunteer their time to be part of Divisional Councils, Committees, Branches and Discussion groups.

Their work is invaluable to CPA Australia and to the profession. We want to engage with them to get their views on future direction for CPA Australia, particularly in relation to continually improving the services we offer to members.
7. Staff engagement and culture

The Board is committed to a positive, professional and harmonious work environment for all those employed at CPA Australia. We are looking to put in place strategies and plans aimed at generating and supporting this.

We are aware that there are challenges ahead of us as an organisation and as a Board, but we are committed to meeting those challenges and to making decisions that are in the best interests of the organisation and the membership overall.

If you have any comments please email boardofdirectors@cpaaustralia.com.au

Sincerely,
CPA Australia Board of Directors

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