As the leadership does not like any debate about this the rules were
changed to ensure that members' approval is not needed for subscription
increases of 5% or less. There will be no resolution to
increase the fees and thus members will not be able to discuss the
matter. ACCA claims to provide thought leadership on corporate
governance but its AGM agenda does not include "Any Other
Business". This tight control of the agenda means that members
will have no opportunity to raise concerns or demand any accountability.
ACCA will raise nearly £600,000 through this increase in fees.
The leadership is not directly elected by members. It has not offered
any justification for the additional levy. It does not present
any budgets to members and membership is not asked to approve any
financial plans or budgets.
ACCA boasts annual revenues of nearly £100 million, but most of
its members receive no services. The number of directors at ACCA have
mushroomed to nearly 10 and all collect six figure salaries, golden
pensions and free world travel. ACCA chief executives also take their
spouses on world travels and the cost is charged to ACCA members.
Members are not asked to approve these costs.
Unlike companies, ACCA members are not allowed to elect directors or
the chief executive. They cannot vote on executive remuneration either.
The
only remedy available to members is to vote against the adoption of
annual accounts. However, the leadership is counting on the
timidity of its members as it continues to pick their pockets