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
Please join this website to participate in discussions. Also join our email list at http://eepurl.com/cWsgfb
Image

Questions for Alex Malley and the Board Directors after ABC Interview

Discussions about the constitution and how CPA Australia is run
Post Reply
Chris Catto
Posts: 18
Joined: Tue Apr 04, 2017 12:18 pm

Questions for Alex Malley and the Board Directors after ABC Interview

Post by Chris Catto » Mon Jun 05, 2017 10:31 pm

Alex in his interview with Elysse Morgan on ABC's The Business, discredits any questioning member and paints the picture that there is no legitimacy to any of the information shared by members.

There are many serious questions of governance still left unanswered by both Alex and the Board.

I've made a video to respond to Alex's interview and explain some of the reasons why members keep asking questions.

https://vimeo.com/220285331

1) CEO Salary paid over 3 times the average CEO's for similar sized organisations, and over 3 times that of larger and higher performing global competitors' CEOs

2) Why cpamembers.org even exists.

3) CPA Australia Advice, is it consistent with the objectives of the CPA Australia's constitution, has Section 45 been breached; Are Execs FTE's counted more than once as it can't be more than 1.0 for any individual while the CEO and COO's have 2 formal roles in two businesses; Where is the Business Case for the "investment"as Alex calls it in CPA Advice. What is the ROI, payback period and NPV behind the approval of this "investment"

https://vimeo.com/220285331

Feel Free to share the video link.

User avatar
nakedadmin
Site Admin
Posts: 653
Joined: Thu Mar 23, 2017 4:38 pm
Location: Iceland

Re: Questions for Alex Malley and the Board Directors after ABC Interview

Post by nakedadmin » Mon Jun 05, 2017 11:43 pm

Hi Chris,

Please consider adding a question for the board on Alex's interview with 2GB: http://www.2gb.com/podcast/smithys-depl ... malley-16/

Refer to this discussion: http://cpamembers.org/viewtopic.php?f=15&p=1310#p1310

I noted that after that point in the interview where Alex Malley said enough about you to prove he knows who you are, he said this:
I have to act in a dignified manner because I'm running an organisation. You know I'm a wog Chris and wogs are not dignified and patient but I am respecting the office of my role and trying to be as dignified as I can, but I'm finding it increasingly difficult.
I don't understand how the board can back up someone who made a threat like that. What is he implying hit men or is he going to name and defame people. WTF is this guy on about here. If I was a board member if would ask Alex a question which would be WTF (and I would say the words) WTF are you intending to do when you get undignified? I think the question needs to be asked quite frankly.

I really don't like this derogatory stereo typing of Europeans as well. Not what you'd expect from a CEO on $1.8m.


Great video. I've made these comments as I listened to it:

There will be no answers on the salary levels. In fact any salary is ok as long as the people paying it are happy to pay. In this case the people paying it have no say. That's what makes it bad.

"Cost per full member..." lol about $22. No chance your getting an answer to that one. Can't be justified, pigs at the trough.

Yeah 6 members but s202B signed by over 100. Good one Alex.

Alex on CPAA Advice "It is growing". Um well 25 members is insignificant, it needs about 1,000 members so 25 members is about 0% growth.

That's a very good point Chris about public interest. The organisation does not exist for public interest. Good point.

Yeah CPAA Advice is a business. What they need is a product. Any start up business could only dream, DREAM of the captive audience the CPAA Advice has with CPA members. If Alex wants to push the line he is good with business well this proves he is not. They need an actual profit

One of our users has FOI'd the CPAA Advice application which will have the planned projections. Farcical.

Chris that was a funny farcical line about us advising others on business but setting up a failing business on financial advice. It's probably the first financial advice venture to lose money!!!

Auditor General salary is $705K so they paid more than what's allowed.

Legitimate questions yeah by this stage it's clear it's a total rip off. Basically theft.

CEO in two places at once. What a laugh.

Very good work on the video. I didn't ask your permission before referring to you as a spokesperson. But I think you're speaking for everyone here so please keep it up. You're doing a great job and deserve massive cred for this.
The Naked Webmaster

JJF
Posts: 88
Joined: Fri Apr 14, 2017 8:19 am

Re: Questions for Alex Malley and the Board Directors after ABC Interview

Post by JJF » Tue Jun 06, 2017 11:22 am

His spot on 2GB is another paid promotion (by us of course!!).

So Chris Smith will give him carte blanche to say whatever he wants with lots of soft and loaded questions.

Hey Alex, I'm a wog and I am dignified - to stoop to that level shows what an ignoramus you are!!!!!!

All we want to hear from you in the next few days are the magic words "I resign effective immediately as CEO"

User avatar
Better Call Saul
Posts: 83
Joined: Thu Mar 30, 2017 6:08 pm

Re: Questions for Alex Malley and the Board Directors after ABC Interview

Post by Better Call Saul » Tue Jun 06, 2017 3:33 pm

Can I go on record saying I am a WASP.....

BDC
Posts: 4
Joined: Mon Jun 05, 2017 11:20 am

Re: Questions for Alex Malley and the Board Directors after ABC Interview

Post by BDC » Wed Jun 14, 2017 11:43 pm

As an aside and out of curiosity, if the ceo's main focus is about making a surplus, does this mean that CPA prima facie is actually carrying on a business (definition of business having a major emphasis on engaging in activities with a view of profit or in our case a surplus). If that is the case, does that mean that the ATO or other relevant authority may have claim to revise our taxation status. Just thinking aloud, an AAT or federal tax case that would potentially reduce that net asset position significantly. I'm thinking that perhaps the CPA leadership have not grasped all the associated issues with their responses or line of reasoning. I think when I have some time will try to analyse the responses thus far from the management in a taxation context.

ALLTHECPA'SMEN
Posts: 19
Joined: Tue Apr 11, 2017 1:43 pm

Re: Questions for Alex Malley and the Board Directors after ABC Interview

Post by ALLTHECPA'SMEN » Thu Jun 15, 2017 12:00 pm

great video Chris, spot on! its all legit elementary questions that has turned into a getting blood out of a stone.

User avatar
Brett Stevenson
Posts: 444
Joined: Fri Mar 24, 2017 10:43 am

Re: Questions for Alex Malley and the Board Directors after ABC Interview

Post by Brett Stevenson » Thu Jun 15, 2017 2:04 pm

I have been asked a number of times what would I like to see announced tomorrow.
Well clearly the board need to take some lead.
But if the three senior executives (Alex Malley, Adam Awty and Jeff Hughes) and the two directors (Graeme Wade and Richard Petty - who have served beyond the 11 year maximum the board have assured us no board member will serve) do not resign immediately I think any other announcements they make will be just a waste of time.
I repeat, I'm sure any sorts of governance reviews or other reviews will be a waste of time if these five people are still in their powerful and influential positions.
We would be foolish (I suggest) to allow the people who orchestrated this and have been the key players over this past decade remain in their influential positions while major changes are made.
As important as a governance review is (critically so) I do not trust the current leadership exemplified by these five people.

User avatar
Stomper
Posts: 203
Joined: Tue May 02, 2017 9:55 am
Location: Sydney, NSW, Australia

Re: Questions for Alex Malley and the Board Directors after ABC Interview

Post by Stomper » Thu Jun 15, 2017 2:17 pm

As important as a governance review is (critically so) I do not trust the current leadership exemplified by these five people
100% AGREE

Putting everything else aside, the lack of trust that exists between the Board, Executives and members is at the heart of the current predicament. By their actions this has become a chasm and cannot be rectified by the current Board / Executive.

The lack of transparency and disclosure has been a deliberate attempt to hide the truth and they cannot be trusted.

Without TRUST we have nothing - they need to go!

User avatar
GenYCPA
Posts: 55
Joined: Sun May 21, 2017 11:19 pm
Location: Brisbane
Contact:

Re: Questions for Alex Malley and the Board Directors after ABC Interview

Post by GenYCPA » Thu Jun 15, 2017 2:36 pm

I agree - I think the positions of the three senior executives, Graeme Wade and Richard Petty are no longer tenable.

If Graeme Wade and Richard Petty do not stand down then I believe members will remove them (using the powers under s 203D of the Corporations Act). If the board does not stand down the three executives, then I believe members will do this as well (using powers under s 249N of the Act).

We will have to see what happens tomorrow but I do not see any way that the persons above will not be removed from office in the coming months. The number of issues are too many, the lack of disclosure and transparency too damning - the truth will out.

What ever happens - careful attention will need to be paid to Chapter 2D.2 Division 2--Termination payments as these will generally require member approval.
Robert McDowall CPA | Partner | Arabon Accountants
CPA Australia Queensland Divisional Councillor

https://www.linkedin.com/in/robert-mcdowall/
Join the conversation on the CPA Members Group on LinkedIn https://www.linkedin.com/groups/103561

User avatar
Stomper
Posts: 203
Joined: Tue May 02, 2017 9:55 am
Location: Sydney, NSW, Australia

Re: Questions for Alex Malley and the Board Directors after ABC Interview

Post by Stomper » Thu Jun 15, 2017 2:49 pm

What ever happens - careful attention will need to be paid to Chapter 2D.2 Division 2--Termination payments as these will generally require member approval.
I'll be watching this sub-section especially closely.....
(2) Subsection 200B(1) does not apply to a benefit given in connection with a person's retirement from an office or position in relation to a company if:

(a) the benefit is:

(i) a genuine payment by way of damages for breach of contract; or


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

Re: Questions for Alex Malley and the Board Directors after ABC Interview

Post by Time4Change » Thu Jun 15, 2017 3:18 pm

As we have mentioned, irrespective of where they worked and what title they hold, when you are subject to a investigation or and independent review, you have to step aside from your responsibilities, and as the current board and executive are part of the current constitution and governance of CPA, they have to step aside and allow an interim board and interim executive to take over, this is to ensure CPA continues to function and serve members. Once the full independent review and investigation have been completed, then the following can communicated to members. The question here is WHO HAS ASKED for an independent review?
Answer is WE MEMBERS. therefore we should have a voice in who is appointed as an independent review and any finding and investigation should be communicated to members, because we are a member association.

DazzaG
Posts: 11
Joined: Fri Jun 02, 2017 2:40 pm

Re: Questions for Alex Malley and the Board Directors after ABC Interview

Post by DazzaG » Sun Jun 18, 2017 5:48 am

Questions that I've just submitted to CPA.

With all the recent publicity about the executive and board in the press namely Australian Financial Review, The Australian and ABC what is CPA doing to rebuild it's reputation with members and the public.

I am concerned that the latest announcement from the board of an independent review of allegations made does not go far enough. What about looking into the governance issues at CPA.

Also is the review independent given the endorsement in the CEO's book?

Why is the board and CEO making attacks and threats at concerned members the media and the NSW government? Don't we have valid concerns about the governance and leadership of our organisation?

User avatar
nakedadmin
Site Admin
Posts: 653
Joined: Thu Mar 23, 2017 4:38 pm
Location: Iceland

Re: Questions for Alex Malley and the Board Directors after ABC Interview

Post by nakedadmin » Sun Jun 18, 2017 11:41 am

I'd probably be asking for the terms of reference to be made public.

Note they have not suggested the review is independent of the board, only the exec. Is the board independent of the exec? Seems not by the way it's operating. Also the reviewers seem to not be independent although it's good if someone forces them to answer the question. Please report back if you get a response.
The Naked Webmaster

DazzaG
Posts: 11
Joined: Fri Jun 02, 2017 2:40 pm

Re: Questions for Alex Malley and the Board Directors after ABC Interview

Post by DazzaG » Sun Jun 18, 2017 2:45 pm

The chairman mentioned "The review will be fiercely independent. It will have all the resources it needs to do its work and the review team will operate independent of the executive, reporting directly to me."

Why the term "fiercely independent"? Does that mean that board is insecure and wants us to just trust them? Seems a little foolish if they think it can be swept under the carpet.

User avatar
Stomper
Posts: 203
Joined: Tue May 02, 2017 9:55 am
Location: Sydney, NSW, Australia

Re: Questions for Alex Malley and the Board Directors after ABC Interview

Post by Stomper » Sun Jun 18, 2017 5:30 pm

How can it be "Fiercely Independent" when the review answers to the Chairman?

Good grief, the conduct of the Board, of which he was one, is at the heart of these issues.

To be "Fiercely Independent" it would need to report to someone other than one of the incumbents - someone like David Murray!

Post Reply