Another day, another scandal at CPA Australia. This time the Board – while arguably inquorate – has announced a $4.9m termination payment to our CEO. Members are quite rightfully turning their thoughts to why – within the course of one week – the Board has gone from wholehearted support of Mr Malley, to terminating him with a golden handshake the scale of which can only be described as scandalous.
Our suspicions are that this action by the Board is an attempt to evade the “independent review” process they announced a week earlier. Why else would they not allow the review process, and the ASIC review already in train, to run their course?
You can read my letter to the Board here, and I would encourage all members of CPA Australia to join me in standing up and having their say. It’s more important than ever to use your voice to guide the future outcomes of our organisation.
Yours in resolution,