The interesting case of CPA rebels’ crowdfunding push

It seems there is no end to the sorry saga of CPA Australia, with news recently emerging that a group of rebels within the accounting body is actively seeking to obtain crowdfunding to mount a legal case against the old board.

What I find particularly interesting is that their contention that the old board directors were in breach of their second most important obligation after fiduciary duty – and that’s the duty of care and diligence – appears to be more than just vexatious litigation.

Let’s look at the state of affairs which, on prima facie evidence, have a fair degree of merit…

To view the full Governance Matters article, click here.

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