ACCA COUNCIL ELECTIONS TO BE RIGGED - AGAIN

ACCA has no shame. Its hierarchy has rigged past council elections and the same is set to happen again for the 2008 elections.

ACCA's stature in Hong Kong has been diminished and it is now keen to cement its position in Malaysia though there are some critical voices. To appease local opinion ACCA  hierarchy has decided to fix the outcome of the elections and ensure that a person connected with its Malaysia office gets elected to council.

The key to this is the 'delegated proxy voting system'. Under this ACCA members are encouraged to delegate their vote to an officeholder, usually President. The President casts hundreds, if not thousands to votes, to ensure that the friendly cronies get elected to the council.  Election to council enables some small-minded people to feel important whilst the hierarchy ensures that troublesome questions  are not raised.

Despite request at various AGMs, ACCA members have not been given any information about the election candidates which benefit or suffer from the mass casting of votes by President. The president is supposedly accountable to council members, but even they are not told of the beneficiaries. A small clique fixes the election and thus council members are "appointed" rather than elected.

The 'delegated proxy voting system' is forbidden for trade unions in the UK. Yet the ACCA  hierarchy uses it to play its selfish games. 

At various AGM's ACCA officials have defended the archaic voting system by claiming that it is used by major corporations. Yes, that it true. Enron, WorldCom, Parmalat and many other companies involved in headline scandals used the delegated voting system.  ACCA feels no shame in emulating failed companies or subverting the will of its members.  An organization that cannot provide a moral lead in managing its own affairs cannot be respected by others. That is why ACCA has no influence on governance, accounting and auditing issues in the UK or anywhere else.

ACCA members should boycott the 2008 council elections. It is a sham.
Protest by voting against the adoption of annual accounts.