ACCA MEMBERS URGED TO OPPOSE SUBSCRIPTION INCREASE WITHOUT PRIOR MEMBERSHIP APPROVAL


ACCA fat cats have got used to picking members' pockets every year by pushing through subscription increase. Money is raised without any explanation of the possible usage. Any company raising additional finance from its members has to explain the purpose of such an exercise, but ACCA leadership does not such thing. If members oppose increase the unelected leadership casts thousands of votes to push through the changes to ensure that  their gravy train keeps running.

Last year, members had enough. They nearly defeated the leadership on subscriptions. Did this result in any transparency or accountability? No it did not. Instead, the fat cats have dreamt up a new scheme. They now want to push through subscription increase without membership approval. That is the proposal under Resolution 4. It gives the unelected leadership the power to push through increase of up to 5% without any discussion or approval from members. Yes, they have found a new way to pick members' pockets.

As always, the leadership is relying on two things to its way.

1. Apathy
2.  Officeholders casting thousands to votes.

Members are urged to reject Resolution 4 and not to give any delegated vote to anyone.