It's a damning indictment.
A few things stand out to me
1. No one has been recommended to be held accountable by the Independent Review Panel's Final Report.
In effect all the leadership over the years get off scot free, and the board just walk away (with a replacement board which shows it has many of the same distinctive traits of Corporate Governance - CPA Style).
Quite amazing. I'm sure they will be all well remunerated, and will press on with the soft recommendations from the IRP, will have lost of international travel funded by CPA to 'understand' what is happening globally, will not take any sort of legal action against past leaders for possible breaches of their duties, and will of course just keep talking about increased engagement and the involvement of the divisions. And of course the divisions will just keep ranting on about how they will be different, and want to see the governance revised (according to the soft IRP recommendations of course such a 9 years tenures, and a renamed Representative Council and even less voice for the NSW division which has over 40% of the entire membership (but of course will have the same one person vote as say the Tasmanian division with all its members, so it's all very fair at least according to the IRP, and after all they are the eminent experts). You think I am being too negative.
Well, let me ask you these questions?
i. Have you heard any comments from any divisional councillors about weaknesses and failings in the IRP Final Report for no-one being recommended to be held accountable?
No, me neither.
ii. Have you read anything in our purportedly monthly professional magazine In The Black about the fiasco in 2017 at CPA Australia? Can you imagine any other professional organisation allowing such censure in their professional magazine when the CEO is sacked, the entire board replaced and all the dramatic exposures of last year are confirmed by an independent review? I think not. But we are talking about CPA Australia here.
2. The involvement of Tim Youngberry (yes the purported knight in shining white armour who came onto the board when 7 directors resigned in 2017 to 'save the day') way back when this all began. Let me quote
It just confirms in my mind that what they say and what they do are poles apart, and that 'we have been taken for a ride'.The previous year, less than two months after leaving Macquarie, Malley attended a meeting with Petty, Wade, Egan, Jeff Hughes and ACT councillor Tim Youngberry, to sign off on wholesale reforms to the CPA constitution.
3. Read the article and just think why didn't the IRP touch some of these matters, or deal with some of these issues such as the Macquarie University connections etc?