Institute fights back as rebels call egm

ICAEW vice president Peter Wyman has fired back at criticisms of the institute’s district society reforms as it prepares for an emergency general meeting over its plans.

Seeking to destroy ‘myths and misconceptions’ around the revamp, Wyman last week set out a number of key arguments supporting them.

He rebutted allegations that the societies were being destroyed and argued they would instead be strengthened by the new structure.

Reacting to allegations the institute had acted in bad faith over the ‘misuse’ of members’ signatures calling for an egm, Wyman said: ‘Given the seven months it has taken thus far to collect signatures, we have a duty to provide our members with an up-to-date picture of the plans and to give them an opportunity to clarify any concerns.’

Meanwhile Don Heady, co-organiser of the district society rebellion, has told Accountancy Age he believes they now have the appropriate number of supporters to force an egm.

Institute president Graham Ward said: ‘We are currently checking the signatures. Subject to this confirmation a special meeting will be convened within 56 days of Monday, 21 May.’

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