HKTB and Airline Authority welcome pay review

HONG KONG – The Hong Kong Tourism Board and the Airport Authority Hong Kong have welcomed the government’s proposal to hire a consultant to review the renumeration packages of senior executives working for public bodies. The move could see executives at both suffering pay cuts. According to the government, the review will cover three levels of executives: chief executive officers, deputy chief executive officers and directors. Clara Chong, the HKTB’s executive director said the organisation was committed to public accountability and regularly benchmarks the pay scale of its staff against similar positions in the private sector. “Currently the HKTB’s total staff costs represent around 30 percent of the HKTB’s annual operating costs,” she added. David Pang, chief executive officer of the AA, who also could see his own salary come under the axe said, “this is in line with our corporate policy of following market trends to ensure we offer fair and competitive packages to our staff.” The AA recently reviewed its pay policies as part of a restructuring proposal conducted by an independent consultancy, the Hay Group. The AA has four directors plus Pang, with combined renumeration packages totalling up to HK$19 million.

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