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 SPENDS THE EQUIVALENT OF 70% OF ENTIRE TRAINING COSTS on 20 STAFF AND BOARD

This covers the board and management of CPA Australia
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Chris Catto
Posts: 18
Joined: Tue Apr 04, 2017 12:18 pm

CPA SPENDS THE EQUIVALENT OF 70% OF ENTIRE TRAINING COSTS on 20 STAFF AND BOARD

Post by Chris Catto » Thu Jun 01, 2017 10:52 am

CPA Australia spends the equivalent of 62%-72% of their entire annual training and development cost for the entire 160,000 members, and between 43% and 50% of the entire annual Education development for 160,000 members on 20 Executives and the Board.

The words " It's a disgrace! " aren't enough.

It's taken CPA members with integrity to force the Executive and Board to disclose the heights of their mismanagement.

Tyrone shouldn't be the only person walking the plank, every position in the whole leadership group needs to be reassessed.

Never-the-less Alex and the Executive team will talk till they are blue in the face justifying that expenditure on 20 staff and the board is worth up to 70% of the entire training and development cost for 160,000 members.
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deaneus
Posts: 188
Joined: Mon Apr 03, 2017 9:09 pm

Re: CPA SPENDS THE EQUIVALENT OF 70% OF ENTIRE TRAINING COSTS on 20 STAFF AND BOARD

Post by deaneus » Thu Jun 01, 2017 11:32 am

Disgraceful, just disgraceful.

$1.8M.

Is he running an ASX100? No?

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Brett Stevenson
Posts: 445
Joined: Fri Mar 24, 2017 10:43 am

Re: CPA SPENDS THE EQUIVALENT OF 70% OF ENTIRE TRAINING COSTS on 20 STAFF AND BOARD

Post by Brett Stevenson » Thu Jun 01, 2017 2:14 pm

Yes. What an unbelievable insight to get a proper perspective on this Chris.
Well done.
It really is disgraceful. I'm not too sure what this group are like who do the due diligence work on director nominations but if the current directors is any indication then we should be looking elsewhere.
I would have presumed this is the sort of perspective directors need to provide.
Insofar as what it reveals about the current senior executive and management it hardly needs to be said. They should all go.

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