Does anybody want to see the BMC die? I don’t (never did cancel my membership, decided you can’t argue for reform and leave).
Firstly, I’m glad to hear this.
I would suggest that your posts in this thread do not demonstrate “financial illiteracy” [I commend the excellent quote] but, rather, highlight the support you and your business receives through well developed policies, procedures and governance learnt from across the group of companies and their experienced leadership.
I’d also point out that (much like E grades…) we don’t expect finances to scale linearly; scaling from your €100M, the BMC would require a CEO’s signature on every bill of more than £450. That doesn’t seem like a good use of time.
Given the God awful job of ensuring any sort of sensible governance/oversight the previous incumbent did, I doubt it would have helped in any case.
I completely agree with voices as disparate as the Council and Remus that Nails is delusional if Nails thinks they could get anywhere near approximating the spending split *retrospectively* within the BMC within a day with the (evident) haphazard accounting that occurred in the period. From the noises being made, I suspect the paper trail may simply be impossible to reconstruct (at least without excessive expense - [dubious] finance IT system “migration” was mentioned). As Remus says HMRC only cares about tax its owed from the organisation overall.
The Council and the new leadership have taken a sensible and pragmatic approach. The best thing members can do now is to support and encourage the Council to constructively hold the Board to account.
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