ICAEW admits there is no 'plan B'
The ICAEW council today admitted it had no contingency plans to deal with losing to institute rebels at next month's egm over the future of its district societies.
Council member Douglas Llambias asked what the institute would do if it lost the crucial vote.
Peter Wyman, new ICAEW vice president, responded: ‘There is no plan B, because we can’t undo the commercial contracts that have already been arranged.’
Earlier, the new institute president had urged members to vote in the egm. Citing his role in founding the a district society in Wolverhampton, Michael Groom said he completely supported the move to a regional infrastructure.
‘If I have learned one lesson it is that unless we can change and adapt we risk losing the support of our members,’ he said.
At yestesterday’s agm, just 12% of ICAEW members voted, prompting fears that a low turnout will give institute rebel Don Heady a chance of winning.
Links
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