FPA faces queries on 'independent assessment'
The Financial Planning Association (FPA) is expected to be queried over facets of its ballot arrangements for board positions, with some candidates appearing to have been “endorsed” while others are not.
A number of candidates have contacted Money Management to question the electronic ballot paper which has carried the words “independently assessed as most closely meeting the selection criteria” alongside some of the candidate’s names.
However the FPA has made clear in its preamble to the ballot paper that an “independent party was engaged to interview nominees to assess which nominees held the most appropriate qualifications and most closely met and addressed the criteria identified on the nomination form”.
The preamble urges FPA members to “read the resumes of each nominee and consider the suitability of each nominee as a Board member of the FPA”.
It then sates, “It is important that board members: are able to discharge their duties responsibly; have a broad range of skills applicable to the role, such as strategic planning, risk management and corporate governance knowledge, strong financial literacy and commitment to upholding Board ethics and confidentiality; as requested on the nomination form; will represent all FPA members in their decision making; can work co-operatively with their Board colleagues to develop and implement initiatives that will deliver a strong and viable Association”.
AUTHOR
Mike Taylor
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