Yesterday's ICAEW merger vote saw a mere 29% of the membership backing the merger proposal.
This is very clearly a resounding "No".
Yet an article in the FT today notes that:
"Mr Anstee said the two-thirds voting threshold had allowed 'the minority to hold back the majority' and it was 'not beyond the bounds of possibility' the institute would ask its 127,000 members to amend the constitution to lower the barrier."
In other words, having been wholeheartedly rebuffed by the membership, the ICAEW executive are going to ignore the membership.
I have repeatedly warned that their promise to run a dual qualification system, if the merger had been accepted, would have been broken.
It seems that changing the rules of the game, to suit the political imperative of the executive, is now on the cards.
The battle may well have been won, but the war is not over.
It is now time for the membership to wrest control of the Institute from the hands of the current executive, and cut the size of Council.
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