COUNCIL ELECTIONS TO BE RIGGED - AGAIN
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
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
ACCA members should boycott the 2008
council elections. It is a sham.
Protest by voting against the adoption of annual accounts.