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Joe Aston

CPA members still waiting for board to reveal its pay

It's now been more than four weeks since the individual remuneration of CPA Australia's directors for the last reporting period (2016) was requisitioned by members under Section 202B of the Corporations Act.

CPA's company secretary Adam Awty advised on May 4 that the organisation's auditors, Deloitte, would sign off the remuneration report and it would then be sent to all CPA members entitled to receive a notice of Annual General Meeting, as the act stipulates. You wouldn't think the pay of 12 non-executives would take a month to collate and audit, but devising a credible justification for how much moolah that dozen is trousering – which we're sure will also be in the envelope – would indeed require a great deal of careful thought!

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Joe Aston is the founder of Rampart and the best-selling author of The Chairman’s Lounge: The inside story of how Qantas sold us out. From 2012 to 2023, Joe helmed The Australian Financial Review’s Rear Window column. Email Joe at hello@rampart.news

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    Original URL: https://www.afr.com/brand/rear-window/cpa-members-still-waiting-for-board-to-reveal-its-pay-20170529-gwfpp2