Internal ASA row over nominations for board

RENEWED internal fighting within the Australian Share-holders’ Association caught members by surprise when long-time supporter and WA Committee member Terry Ord was sidelined by fellow WA branch committee members in his bid to go on the national board.

ASA national chairman Ted Rofe, in Perth last week to meet with the local committee and address the monthly members meeting, was fired a series of questions from Mr Ord as to why his nomination to the national board had been ignored and rejected.

“Is it true to say that the communication which left this branch last October in which someone was nominated by the board was totally ignored by your head office – not only was it ignored it was not even acknowledged?” Mr Ord asked.

“It’s correct, as you say, that it doesn’t appear to have been acknowledged, but it’s not true to say that it was ignored,” Mr Rofe said in response, before inaugural WA chairman and committee member Garry Palmer, stood and moved to censure Mr Ord.

The motion was subsequently passed, receiving the support of fellow committee members, including WA chairman Anne Pryor.

Ms Pryor has in the past publicly questioned why the WA branch did not have any representation on the national board, which is dominated by Victorian and New South Wales representatives, despite having around 450 local members.

But at the members’ meeting both Ms Pryor and Mr Rofe reiterated their support for each other and emphasised the good cooperation between the WA branch and the national board.

Nominations for the board are put before the nominations committee which acknowledges and either endorses or rejects the nomination.

Without the nominations committee’s support, the likelihood of getting a place on the board is remote.

Mr Rofe told Business News that the procedures of the nomination committee were set up in response to an internal investigation by Henry Bosch of ASA procedures.

Mr Bosch was called in after internal bickering between New South Wales board members and their Queensland counterparts surfaced and questions were raised regarding the transparency of the ASA operations.

Fellow committee member Gerry Pauley, explaining the local stoush to upset members after the meeting, said the committee was made aware prior to the meeting of Mr Ord’s intentions.

Both Ms Pryor and Mr Rofe denied there was any discussion among the committee prior to the meeting as to ways to keep Mr Ord quiet.

However, this was contrary to comments made by Mr Pauley in which he said it was one of several things that was considered.

“There was no discussion like that while I was there,” Mr Rofe said.

Ms Pryor said it was regrettable that the fight had become public, but the committee still remained firm in its resolve not to make any public disclosure to the media or members about why Mr Ord had lost the support of the committee.

“I don’t intend to make any more public statements,” Ms Pryor said.

“We believe it could have been handled differently.”

It is understood Mr Ord has now decided not to continue to pursue his nomination on the board.

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