As you know from my last post, I’m in the midst of my second peak work period for the year. Eight weeks full-on now ‘til my next mini-break, and that means head down, bum up. No time for added distractions. A well-planned schedule to deliver on. Feeling duly focused. But then the outrageous happens.
The outrageous is the governance and leadership at my professional body, CPA Australia.
To recap, this is a membership body that exists to provide financial reporting governance in Australia. No rocket science. No brain surgery. So why is it that the CEO and his two direct reports and the 12-member board have managed in recent years to manipulate their remuneration entitlements to what now accounts for over $5.5million dollars per year? ($3.8m minimum was pad to just the CEO and his two direct reports in calendar 2016).
Three point eight million dollars. For the three most senior people running a member based organisation.
Seriously, is there a single working Australian who thinks an administrative role like this is worth $1-2million dollars per person per year?
Call it greed, or theft by deception, this is scandalous.
Members are – quite rightly – now starting to speak out and take action. And the Board of CPA Australia are now throwing their weight around trying to prevent members from taking action against their greed.
That’s what’s got my back up. I will not be bullied into silence.
This is the memo that was sent from head office on Monday in an attempt to put a lid on member actions being coordinated by Brett Stevenson, who has my full support.
And this is my letter to the Editor published in The Australian Financial Review on Tuesday:
I’ve just reshuffled my schedule so to make time to say more on this.
I encourage other CPAs to do so as well, either here or in the media, and especially by joining the CPA Changemakers communications group at http://eepurl.com/cNpQ05.
Yours, in fury,