Private Fiefdom of ACCA: Members are not allowed to vote on executive
2015 AGM Resolutions - Reclaim the Association
knows the UK and most of the world has been going through one of the
deepest recessions. Many individuals are facing real cuts in
their wages. However, none of its applies to the fat cats at ACCA.
Their salaries keep on going up and up, even though they provide little
support to ordinary members. Unelected individuals sitting on the
phony remuneration committee are out of touch with what ordinary people
Here are notes from ACCA's 2015 annual accounts
total salary (including bonus and allowances) and benefits of the Chief
Executive in the year ended 31
March 2015 was £368,157 (year ended 31 March 2014:
£339,772). This includes a fixed non-pensionable
allowance in lieu of pension benefits, introduced in August 2013 when
the Chief Executive agreed to vary her
contract of employment following the closure of the defined benefit
pension scheme and an additional
allowance in lieu of pension contributions – see ‘Pensions and
Benefits’ below. Excluding the ‘pension’
allowances referred to above, and to give a ‘like for like’ comparison,
the total salary and benefits for the Chief
Executive in the year ended 31 March 2015 was £328,191 (year
ended 31 March 2014: £313,490).
Following the restructure of the Executive Team, the Executive
Directors’ base salaries
were reviewed and benchmarked against similar roles in other
organisations. As a result the salaries for the
Executive Director roles increased by between 4.3% and 15.4%. These all
came into effect from 1 April 2014."
The unelected chief executive's salary has increased by nearly
£29,000 since last year. Many hard working individuals don't even
earn that in a year. Unelected directors have received rises of up to
15.4%. Service to members has not increased by 15.4% or even by 4.3%.
ACCA fees keep on going up and up. Members have no say in such matters.
ACCA members are not permitted to vote on chief executive or director
remuneration. They cannot express their views on ACCA's practices,
operations and policies. The
only way to show displeasure is by voting against the annual accounts.