The tangled web we weave ...
If this was nominated as fiction no-one would believe it:
On 20 February 2003, AOPA's insurers declined to proceed with cover for Directors' Liability on the primary grounds of the poor financial position of the organisation.
Some of the AOPA directors are rather creative as it turns out. At a board meeting last Thursday, the majority of the Board elected to change the accounting treatment so that instead of the balance sheet showing an excess of liabilities over assets it will now show a bountiful surplus. The loss for 2002 will now be a handsome profit, thanks to this magical sleight of hand.
I am told that the prime motivation for this was to fool a prospective insurance company into thinking that all was tickity boo at AOPA. My guess is that the insurance companies are not that stupid and that when the hapless members find out about this there will be a palace revolt. No wonder there are proposed motions to dismiss directors.
It has also transpired that all along, commitee man Chris McKeown was a double agent - no wonder Kerans was confused. Chris was telling all who would listen that Hamilton and Lyon had to go and that he had told Hamilton he should resign. Behind the scenes, Chris was/is an apologist for Mr Hamilton and helping Hamilton cling on to power.
Hamilton and Lyon have refused to spill. Other board members won't work with them and as usual, the bulk of the AOPA membership are totally oblivious of the damage this is causing.
Until all this mess is resolved, AOPA is basically closed for business.
Cheers
Russell