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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Appointment of directors on board of CPA Australia

Discussions about the constitution and how CPA Australia is run
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Brett Stevenson
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Appointment of directors on board of CPA Australia

Post by Brett Stevenson » Thu Mar 30, 2017 2:14 pm

Who really has the control on the appointment of directors to the board of CPA Australia?

RUTHMEDD
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Re: Appointment of directors on board of CPA Australia

Post by RUTHMEDD » Wed Apr 12, 2017 2:41 pm

My observation of this over the years is that they go thru the best practice 'motions'

But I have been concerned that they seem to select 'representative' directors - eg international finance expertise, SME practitioner and really don't have any good corporate governance CPA members, someone a bit like myself - experienced NED but not a practicing accountant.

They usually use a head hunter - Step 1 is probably change the headhunter with someone who can review their needs. Then its up to the Nominations Committee - which looks a bit 'in the club'

How anyone can countenance the rem of aka $350,000 for the President is remarkable.

The thing is that by setting rem of President at a % of AG's rem they avoid getting member agreement to their Rem

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nakedadmin
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Re: Appointment of directors on board of CPA Australia

Post by nakedadmin » Wed Apr 12, 2017 5:27 pm

RUTHMEDD wrote:
Wed Apr 12, 2017 2:41 pm
But I have been concerned that they seem to select 'representative' directors
I'm a little more concerned that they are just hiring mates: http://www.afr.com/brand/rear-window/cp ... 402-gvbvec

And what are they getting paid the big bucks for? What do they provide in return?: http://www.afr.com/brand/rear-window/ei ... 409-gvh1wn

app.php/why
The Naked Webmaster

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Brett Stevenson
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Re: Appointment of directors on board of CPA Australia

Post by Brett Stevenson » Fri Apr 21, 2017 9:57 am

Can I encourage members to read Group email 20 which covers this more comprehensively. It answers the CPAA leaderships pretty lame and misleading contention that directors are elected by the members.
They are not, and the corporate governance at CPAA is so weak our organisation has fallen into the hands of a few people.
Have a read and see what you think.

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Better Call Saul
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Re: Appointment of directors on board of CPA Australia

Post by Better Call Saul » Mon May 01, 2017 9:52 pm

7 Lessons from Warren Buffett's Mistakes That Will Make You a Better Investor

# 6 says "Never dawdle when it's time to sell"

Buffett had a large holding in Tesco which had management problems and accounting problems that seemed to worsen every month. Buffett's quote about this situation is classic: "In the world of business, bad news often surfaces serially: You see a cockroach in your kitchen; as the days go by, you meet his relatives."

Hmmm got me thinking. "No we are not selling our membership to CPAA - but we do notice the Leader and his relatives !"

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