The sole remaining academic on the board of the University Co-Operative Bookshop, Maurice Dunlevy, has resigned, citing petty intrigue and a distancing of the co-op from the campuses.
In resigning, Mr Dunlevy called for a public meeting of members and the turning out of the board and the election of a new one.
Mr Dunlevy’s resignation comes after the surprise sacking of the co-op’s three most senior executives last month at a special board meeting called at short notice. The composition of the board (a third of which is elected every year on rotation) has changed over the past two elections with the removal of members with academic, publishing and business experience to a younger group.
Very few of the 570,000 members of the co-op vote at elections for directors. The co-op has shops at virtually every Australian tertiary institution.
The new group wants to implement changes at the co-op through a new executive. The board has ordered a examination of the financial management of the co-op by Einfeld Symonds BDV. Co-op sources revealed that “”inside-job” cash thefts from co-op shops amounting to $200,000 had taken place over the past 10 years and the board says this points to lax security. Managers point out, however, that it is a large cash business.
Mr Dunlevy, a senior lecturer in journalism at the University of Canberra, said the sackings of the executives had affected, staff, suppliers and customers. he had be deluged with calls expressing disquiet. With nine years’ service, Mr Dunlevy was the longest serving board member.
In his letter of resignation to the chairman of the board, James Emerson, Mr Dunlevy said, “”I find that trying to work on a board which during 1992 was racked by pointless petty intrigues and misapplied administrative energies a thankless task.”
This year, meetings had been called at short notice and agenda and financial papers impossible to get. and financial statements impossible to get.
Since he had joined the board it had turned a $700,000 loss to a succession of impressive profits. Of more importance, the discount to customers had increased from 5 per cent to 15 per cent. The board had moved in library and school supply and had begun an efficient journal service.
“”As most directors over the past 10 years were academics and students, we had our roots firmly in the campuses where our customers are,” Mr Dunlevy said. “”We had the incentive to serve them well because we could see their reactions every day.”
Mr Emerson, who works with the Department of Social Security in Brisbane, was unavailable for comment yesterday.
Mr Dunlevy said he hoped the present board could chalk up an equally impressive record as that of the previous 10 years. However, he thought that when the customers saw what had happened tot he organisation that had served them so well, “”a movement will begin to win back the co-op for the campuses”.
He called for a meeting of members to elect an entirely new board.