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Joe Aston

From sad to outrageous, the Alex Malley CPA Australia protection racket

What's left of CPA Australia's credibility was unapologetically rammed through the shredder on Friday. Based on the form of this cabal (namely chief executive Alex Malley, his enforcers and protectors Richard Petty and Graeme Wade and their nearly octogenarian president Jim Dickson), now unfettered of independent minds, we always expected a whitewash, but this fell below even our dungeon-level expectations.

After seven members of CPA's board have resigned in the past fortnight in protest at Malley's continued leadership of the organisation, Dickson is still trying to blame the media. He's also used extraordinary powers to appoint a temporary director to meet the board's quorum requirements to govern, but Tim Youngberry is a member director (of which six are required). And the board's nominations committee (which is supposed to set board and executive pay and put forward board candidates to the Representative Council, which elects them) still cannot sit without an independent director, the number of which remains zero.

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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/companies/professional-services/joe-aston-on-alex-malley-20170616-gwsgft