Now we know why CIMA have not been answering my enquiries about the delay in their council's vote on the proposed merger.
They have pulled out.
Accountancy Age reports that ICAEW and CIPFA may merge by themselves, leaving CIMA to join at a later date.
The ICAEW and CIPFA still seem happy to fudge this ill conceived proposal, by now trying to push forward with a two tier merge.
Frankly this is now verging on the farcical.
Let us be done with this nonsense, and just go ahead with a one tier merger; ie don't merge!
The pull out of CIMA was obvious in December, when they voted against the proposal.
Yet the ICAEW chose to hold their own vote, after CIMA's rejection, and press on regardless.
My questions to the ICAEW are as follows:
1 Why did you hold a vote in December, when you knew that CIMA had rejected the proposal?
2 How much of our money have you spent, to date, on trying to persuade us to support this unwanted and unloved proposal?
3 Why are you trying to continue to push this unwanted proposal forward, when it is obvious that it is holed below the water line?
4 Who will be resigning in the ICAEW over this shambles?
The full text of the press release can be found on www.icaew.co.uk
ReplyDeletePresident Paul Druckman promised me that he would not put the 'consolidation' to a vote without taking soundings from members about their voting intentions.
The only soundings taken have been on the ICAEW strategy and the questions asked have not indicated the strength of opposition to any merger.
The two independent surveys that have been taken show that around two thirds of members intend to vote against any proposed merger
Kamran
ReplyDeleteI fully agree with you.
Many thanks for your message of support.
I rememebr the previous merger disasters too.
I will ask Jeff to contact you, if you can email me your email address.
Ken
If judgment is an essential quality of successful leadership; then surely resignation should be the result of abject failure?
ReplyDeleteIf many members from each of the bodies have a modicum of good judgment and a just a smattering of ability in statistics; then surely even though Messrs Anstee, Tilley and their Presidents etc lack such limited talents, they would at least have known some relevant history.
ReplyDeleteThere will of course be many members in favour of a merger but what do they say about the amount of effort, time and money spent on this hopeless cause?
Fool me once; shame on you.
ReplyDeleteFool me twice; shame on me.
Old Chinese proverb?
To Messrs Anstee etc
Merger failure of accounting bodies is the "norm". The merger failures of accounting bodies in UK is well documented. The failure of the recent merger of Irish bodies is no co-incident. This week, the CICA and CMA halted their merger discussion.
ReplyDeleteCan we stop the insanity? Resources are wasted for acts of stupidity when it is clear that members will reject the merger vote. Why beat a dead horse? Let it go..better still lets get rid of the leaders.
Fully agreed, the following needs to happen:
ReplyDelete1 It is time for those that set us on this path to nowhere to go
2 Democracy needs to be emabraced by the ICAEW; ie in future the president should be elected by the membership, not appointed by the council
3 The size and function of the ICAEW council also needs to be looked into