New threat from beaten ICAEW rebels

New threat from beaten ICAEW rebels

Rebel members of the ICAEW are threatening court action after having their motions against reform of the institute's district societies defeated at an emergency general meeting in London yesterday (Wednesday).

The campaigners, who forced the meeting over plans to revamp the infrastructure of the 22 societies, lost their resolutions by 67% to 33% in a vote of around 22,000 of the institute’s 115,000 or so members.

But Don Heady, co-organiser of the campaign against reform, vowed to fight on and threatened to take the issue of how the vote was conducted to court.

Expressing disappointment at the outcome of the vote, he said: ‘We are not happy with the bully boy tactics employed by the institute in this area. We warned from the outset this is what we were going to do.’

ICAEW president Michael Groom, who announced the result of the vote at today’s lengthy and sombre meeting, said the institute had taken the advice of lawyers and felt everything had been handled fairly and legally.

However, some of those who attended the meeting expressed concerns. A technology company FD, Andy Jennings, one of the few members not wearing a suit, said: ‘This is the first time I’ve come to an egm or any special meeting. But I wanted to express deep disppointement at the design of the ballot papers.’I came because I sent an email to Peter Wyman (ICAEW deputy president) who didn’t respond sufficiently.

‘I get the feeling that we are talked at rather than with. We were treated more like children. I’m going to vote for the resolution on the basis that I want to be treated as an adult.’

He received the biggest round of applause at the two-and-a-half hour meeting.

The egm was the culmination of an acrimonious fight that pitted the weight of the institute’s national officers against a small but vocal band of pro-society dissidents.

The controversial plans first came to light last year when the institute outlined proposals to revamp the network of 22 societies, replacing their infrastucture with 10 regional bodies.

Arrangements for the restructuring have already started, with some contracts for new offices and staff already signed. A reversal of the policy could have incurred significant costs for the institute.

At the meeting, institute deputy president Peter Wyman said: ‘This isn’t about damaging or abolishing district societies, it’s about the effective management of the institute’s resources. It’s about being effective.’

He added:’We will go on with constant improvement to get it as near right as we can.’

Links

ICAEW defeats district society rebels

Click here to read more background about the district society battle

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article