NGOs Blowing Public Cash On Fat Cat Bonuses: Union
"); jQuery("#212 h3").html("

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1389329_1_20180403181230.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'http://news.rthk.hk/rthk/en/component/k2/1389329-20180403.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1389329-20180403.htm', 'DCS.dcsqry', '' ); } } }); }); });
2018-04-03 HKT 18:12
Major NGOs have come under fire for allegedly overpaying their top executives, with a union accusing the groups of giving generous allowances without adequate justification.
The Social Welfare Organisations Employees Union looked into the financial statements of 66 non-governmental organisations that each get over HK$10 million in government subsidies each year and rely mostly on public funds.
It said about half the groups give cash allowances to senior executives, and the biggest such payment was a bonus of HK$760,000 split between two executive directors at the Po Leung Kuk. Top staff at the Society of Boys’ Centres, meanwhile, got a combined HK$300,000.
Union spokesman Issac Tsang said there is no clear justification for these allowances, and the NGOs aren't so generous to their frontline staff.
"The frontline staff suffer from low salaries, lower than those in the same ranks in the Social Welfare Department," Tsang said, adding that such discrepancies between senior and junior workers are unfair.
In response, the Po Leung Kuk said it offers "reasonable pay" to staff, adding that the allowances for the two senior executives were made in line with their job appraisals and duties.
The Society of Boys' Centres said the allowances it handed out were calculated according to staff appraisal results.
SUNMI Technology Is Officially Listed On The Main Board Of HKEX
SUNMI Technology Group Co., Ltd, a Business IoT (BIoT) leader, was officially listed on the Main Board of the Hong Kong... Read more
Can AI-Native Infrastructure Finally Eliminate The Friction Within Cross-Border Payments?
What is stopping businesses from fully tapping a US$336 billion cross-border payments opportunity? Ask the merchants tr... Read more
HKMA Cargox Pilot Brings 21 Banks To Boost SME Trade Finance Via Data Sharing
The Hong Kong Monetary Authority (HKMA) has launched the HKMA Cargox pilot programme, partnering with 21 banks to digit... Read more
Krakens Parent Acquires Reap In US$600M Deal To Expand Stablecoin Payments In Asia
Payward, the parent company of cryptocurrency exchange Kraken, is acquiring Hong Kong-based payments infrastructure fir... Read more
XTransfer Files For Hong Kong IPO, Seeking US$186 Million
Chinese B2B cross-border payments company XTransfer has filed for an IPO in Hong Kong to raise US$186 million. The comp... Read more
HSBC Rolls Out Privé World Legend Mastercard To Hong Kong Clients
HSBC Hong Kong has launched the HSBC Privé World Legend Mastercard, becoming the first bank in the Asia Pacific region... Read more