Acca mmebers are probably not aware because the powers to be don't even bother sending them full accounts. The ACCa chief Executive is not a member of the Association. If the ACCa top-job is not held by an ACCA member, how can the Association urge other businesses to appoint ACCA mmebers to top jobs?
ACCA members have no say in the appointment of the Chief Executive. His/Her slary is not approved by the members. There is no vote on his/her performance either.
AABA has learnt that the ACCA Chief Executive earns £141,000 per annum and has received a salary increase of £24,000 or 21% in 1998. Onm top of that the ACCA chief executive, Anthea Rose, enjoys the the most generous pension plan, the kind not even enjoyed by directors of companies who operate hig-risk businesses. Under a contract which ACCA have had no opportunity to discuss or approve, the Chief Executive is guranteed to enjoy a pension equivalent to her full salary after 20 years of service in ACCA. So we will be coughing up £141,000 per annum in perpetuity for a Chief Executive who has already been at ACCA for more than 20 years. For what benefit?
The Chief Executive is not alone. Her lieutenants, the ones who fob-off members and earn more than £100,000 each, also enjoy similarly ludicrous pensions rights. and without any oversight from members.
Compare tjhis to the average increase in salary of only 2% for ordinary
staff. None will receive equivalent pension rights. Fat-cats are clearly
alive and licking cream and mmebers' fees at ACCA HQ.