CPA Australia’s chief executive, Alex Malley, is paid $1.79 million a year to lead the industry group.
The accounting body revealed the figure to the Australian Financial Review following mounting concern over the governance of the association.
The AFR reports Malley was paid $1.786 million last year, including $1.367 million in fixed pay, a $345,639 bonus, $35,000 in superannuation and $38,561 in other benefits.
To compare, the Tax Institute CEO Noel Rowland’s salary is $432,456, and the Chartered Accountants ANZ’s CEO Lee White’s salary is $600,000 salary.
Recent articles in the Financial Review’s Rear Window has put pressure on the CPA to reveal the figures, while questioning whether Malley’s actions and the organisation’s recent expansion is in the best interests of its Australian members.
Malley is well-known for Sunday morning television show, “In Conversation with Alex Malley”, and his book “The Naked CEO”.
According to the AFR, he has grown CPA’s membership to more than 150,000 and boosted its revenue to $180 million.
Chairman Tyrone Carlin is also expected to announce that he will step down from the CPA board.
In a speech to CPA members today he will say that with the new directors coming on board he will step down “in the spirit of renewal”.
He has only been in the role for seven months.
The AFR has more.