Via the AFR which is doing a good job on the CPA debacle:
Liberal Party president Richard Alston resigned from the CPA Australia board on Wednesday, along with the only other independent director, lawyer Kerry Ryan, because board allies of chief executive Alex Malley refuse to allow a wide-ranging review of Mr Malley and the organisation…The dual resignations follow that of president and Sydney University registrar Tyrone Carlin, who stepped down last week eight months into his term.
For the first time, the directors’ departures expose concerns at the top of the organisation about board and executive remuneration, including Mr Malley’s $1.79 million pay, the millions of dollars spent on his television show and autobiographical Naked CEO book, and the large operating losses and debts racked up by the body’s new financial planning business, CPA Australia Advice.
…The board didn’t want to initiate a review, which could have made negative findings about Mr Malley and the organisation, and decided it would be better to wait and let the public criticism subside, sources said.
Mr Malley has maintained for months that complaints about his leadership are limited to a tiny group of disgruntled members, and accused them of setting up an internet chat room in Iceland to hide their identities.
His argument was undercut by the decision of former Commonwealth Bank of Australia chief executive David Murray to resign because of the way the body is run.
Just how insular is this board? No review because it might find negative stuff? Criticism subside? Oh dear!
