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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29 Sept 2017 - AFR:- Nothing at CPA Australia that can't be 'rectified, improved or fixed': Peter Wilson

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JWheldon
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29 Sept 2017 - AFR:- Nothing at CPA Australia that can't be 'rectified, improved or fixed': Peter Wilson

Post by JWheldon » Fri Sep 29, 2017 3:45 pm

29 Sept 2017 - Australian Financial Review by Joanna Mather

Nothing at CPA Australia that can't be 'rectified, improved or fixed': Peter Wilson

Whatever problems led to the downfall of self-styled celebrity accountant Alex Malley can, and will, be fixed, the new chairman of CPA Australia has vowed.

Mr Malley was dumped as chief executive in June and an entirely new board will meet for the first time next week.

Chairing that meeting will be human resources specialist Peter Wilson, who describes himself as "passionate" about his status as a certified practising accountant and determined to lead a member-focused organisation.

"There are some definite challenges and issues that we have to address," Mr Wilson told AFR Weekend.

"But there's nothing there that can't be rectified, improved or fixed and that's what we're going to do."

Eight other board members have been carefully chosen to represent CPA Australia's 155,000-strong membership base.

None come close to being household names, which could be deliberate given the furore over spending on building Mr Malley's public profile.

Their biographies also make special mention of directorship experience and expertise in governance and accountability – attributes the former board has been accused of lacking at times.

Former BDO partner Merran Kelsall will serve as deputy chair alongside Malaysian businessman Chin Aik Wong, whose appointment is a nod to the accounting body's expanding Asian membership base.

Ms Kelsall has "considerable expertise in audit, risk and compliance and particular interests in corporate governance and aligning performance management with corporate strategy".

Mr Wilson has considerable board experience too. He is an employer-nominated director of Vision Super and on the board of Victoria Teachers Mutual Bank.

Mr Wilson will also continue in his role as chairman of the Australian Human Resources Institute.

"I know membership organisations and you do need to understand the grass roots," he said.

"I know CPA members are hungry for information. They want to know what's going on, they want to know what we're doing. And they will."

It was disgruntled members who applied the pressure that led to sweeping changes in the organisation. In its initial report earlier this month, an independent review panel concluded that Mr Malley and the board "lost touch" with members. A final report and recommendations are still to come.

"We'll put in place a positive program to engage with them and make sure their views are being collected and considered," Mr Wilson said.

"There will be a strong member engagement program coming out of the new board, you can be assured of that.

"We can make the changes necessary to restore confidence where it has lapsed. I'm determined to do that and I know my colleagues are."

The members of the board will start to get to know each other in a teleconference on Tuesday before meeting faced to face in Melbourne shortly after.

Mr Wilson said the board would review the existing strategy with a look to updating it because "speaking frankly, the strategy and the brand of the organisation was very much built around the leadership brand of the occupant of the CEO and he is no longer there".

A new chief executive has yet to be appointed.


http://www.afr.com/business/accounting/ ... 928-gyr3l6

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Brett Stevenson
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Re: 29 Sept 2017 - AFR:- Nothing at CPA Australia that can't be 'rectified, improved or fixed': Peter Wilson

Post by Brett Stevenson » Sat Sep 30, 2017 7:48 am

I just love this statement by the new Chairman Peter Wilson 'I am passionate about being a CPA".
I haven't heard a word of protest from you Peter over the last decade and especially over the last 8 months when all this debacle at CPA was exposed of your 'passionate about being a CPA'.
Perhaps too busy.
Let me make a suggestion on how to show us your 'passionate for CPA'

1. Reduce all directors Remuneration by 50% effective immediately.

2. Take legal action to recoup the $4.9 million termination payout to Alex Malley.
You will not get unanimous support from the board for the next three months (c'mon Peter, we all know the two who have remained to help with the 'transition and handover' are conflicted on them so leave them out of the discussion and vote is the best remedy to that) but you will have the unanimous and ringing endorsement of the membership.
And, as you well know, it will be a double barrel action because the six directors who approved it (Wade, Petty, Dickson, Youngberry, Portelli, Dolin) will come under fire from the Corporations Act itself. You look up words like directors duties, due care and diligence, improperly using position to benefit themselves or others etc to get the idea.

Oh, you don't mean 'passionate about CPA' in that way.
I get it.

I'm keen to see your 'passionate about CPA' Peter!
One thing we have learned at CPA is that fine sounding words and 'endorsements of eminence' come pretty cheap and don't mean a great deal without some commensurate action.

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Re: 29 Sept 2017 - AFR:- Nothing at CPA Australia that can't be 'rectified, improved or fixed': Peter Wilson

Post by nakedadmin » Sat Sep 30, 2017 8:21 am

Brett Stevenson wrote:
Sat Sep 30, 2017 7:48 am
I just love this statement by the new Chairman Peter Wilson 'I am passionate about being a CPA".
I haven't heard a word of protest from you Peter over the last decade and especially over the last 8 months when all this debacle at CPA was exposed of your 'passionate about being a CPA'.
Perhaps too busy.
Let me make a suggestion on how to show us your 'passionate for CPA'

1. Reduce all directors Remuneration by 50% effective immediately.

2. Take legal action to recoup the $4.9 million termination payout to Alex Malley.
You will not get unanimous support from the board for the next three months (c'mon Peter, we all know the two who have remained to help with the 'transition and handover' are conflicted on them so leave them out of the discussion and vote is the best remedy to that) but you will have the unanimous and ringing endorsement of the membership.
And, as you well know, it will be a double barrel action because the six directors who approved it (Wade, Petty, Dickson, Youngberry, Portelli, Dolin) will come under fire from the Corporations Act itself. You look up words like directors duties, due care and diligence, improperly using position to benefit themselves or others etc to get the idea.

Oh, you don't mean 'passionate about CPA' in that way.
I get it.

I'm keen to see your 'passionate about CPA' Peter!
One thing we have learned at CPA is that fine sounding words and 'endorsements of eminence' come pretty cheap and don't mean a great deal without some commensurate action.
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chuck_meister
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Re: 29 Sept 2017 - AFR:- Nothing at CPA Australia that can't be 'rectified, improved or fixed': Peter Wilson

Post by chuck_meister » Sat Sep 30, 2017 10:05 am


"We'll put in place a positive program to engage with them and make sure their views are being collected and considered," Mr Wilson said
Obviously he has been swapping notes with Tim Youngberry. I can just see the plans for the listening tour part 2 sequel in the works. Peter must have been hibernating in a cave or similar, not to have read any AFR, ABC or the preliminary IPR report.

The time for "listening & engagement" is over a time for action has arrived. I'm very skeptical that it will actually happen as any director candiate with any such inclination to do so were ruthlessly culled.

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