On Thursday the ICAEW council voted down a proposal to pay future council presidents £100,000 for holding office.
The FD states that the vote was close, 23 votes to 22, with "a number of abstentions".
Given that there are around 100 members of council, either there were a hell of a lot of abstentions or else a large number of council members did not bother to attend the meeting.
Why do we need a council of 100, when so many of them do not actually attend key votes such as this?
The FD reports that one member had argued that paying the president would send a bad message to members.
Council member Alan Livesey then suggested that the vote should be retaken later, as some council members left the meeting before the vote was taken.
Why do we need a council of 100, when many of them do not actually attend key votes such as this?