FACE TO FACE
July
2002 Issue

Face to Face
with David Eldon
HSBC Chairman David Eldon is one of Asia's most authoritative figures in
the financial world. He wears a number of hats,
including the title of Vice Chairman of the HKGCC. Recently, he became Chairman of the
Chamber's Membership Committee. The Bulletin's Editor, Malcolm Ainsworth, spoke
with Mr Eldon about his work and expectations as Membership Committee Chairman. Following
are excerpts from that interview.
THE BULLETIN: How did
you end up as chairman of the Membership Committee, rather than chairman of the Economic
Policy or Financial Services committees?
DAVID ELDON: Sometimes if one wants to help out with whatever organization
it is, then sometimes it is quite nice to do something that is not related to what you do
on a day-to-day basis.
And how did I end up doing it? Somebody asked me!
But one of the most important things is that membership is the lifeblood
of the organization. If we don't have members we don't have an organization, and given the
tough times that people have been going through, it is very easy to look at where your
outgoings are as a company -- particularly as a small company -- and say, well, alright,
if I can join one or two organizations, I want the ones that I get the best value for
money. Therefore, let's have a look at the General Chamber of Commerce. Am I getting value
for money? If I think that I am not, then I might as well stop joining. So having seen a
bit of a decline in the membership, plus the fact that every year the renewal process is
quite a lengthy one, it came across to me as being something that was quite critical to
the future of the General Chamber.
What targets have you
set for the committee?
We would like to see a renewal rate of 90 per cent. As far as new members
are concerned, there is no target, but the Member-Get-Member Contest will go some way into
getting new members.
How effective do you
think the contest will be?
I think it will be very effective. Members have the chance to win some
fantastic prizes donated by the sponsors. But also, the fact that it is members who will
be going out explaining to other business people the many benefits that they can derive
from the General Chamber that will be the real benefit. At the end of the day, there is no
better spokesperson for a business or organization than a customer who recommends it,
because they are likely to go and tell people: "I had this problem. The Chamber
sorted it out. They're worth dealing with." Also, I think it will help reinforce in
existing members participating in the contest just how much value they actually are
getting from the Chamber.
Alongside the Member-get-Member Contest, we have also expanded the
benefits that members receive through the Member Benefits Programme, wherein almost 80
companies are offering special privileges or discounts to Chamber members. (Members who
want more information about the Member Benefits Card and booklet may contact Alfee Wong at
2823 1236).
How well do you feel
members' needs are being looked after?
It is something we have to keep under review, because members' needs will
change. If you think things are going well, then you tend not to change them. What we have
got to do is to ensure we get the right feedback from members. We have to find out whether
or not we are providing what they require and on occasion making changes so that we can
provide for them what they want, and at a cost that is of value to them.
You say value for
money, but the Chamber's dues are among the lowest of all business organizations in Hong
Kong, yet it is the most active.
It is interesting. I think people's perception on a lot of cases is, it
only costs us a few thousand dollars, is this something that we can therefore get rid off?
Whereas if you are paying a lot of money for something, you think, I must be getting some
value for money. So ironically, if you actually put the membership fees up quite a lot,
you might have more people stay. It is an odd thing to say, but perhaps people say, this
is easy, it is a small amount of money, so let's say no. So if you can then persuade them
for this small amount of money that they are getting very good value for money, it will be
the last thing they think of getting rid off. It is like people buying bottles of wine.
They may not know much about wine, but if it is expensive, they'll assume it's good.
What, in your opinion,
are the biggest advantages of being a Chamber member?
I think the Chamber has got the credibility to approach issues on behalf
of members at the highest levels and ensure that those opinions from members are heard.
The Chamber is also asked by the administration for its views on a lot of subjects. And
one assumes that if we are being asked for those views it is because those views are
valued. And it gives the members of the Chamber an opportunity to feed in their concerns
about the things they would like the administration to do on any particular issue. It
gives them the ability to know that their views are going to be heard. I think that has to
be one of the biggest advantages.
You also have got the slightly softer things. The meetings we have where
business people, be they large businesses or particularly SMEs, can get together with
people in similar industries or people who may be looking for customers or clients and so
forth, where they can meet together and mingle and talk. There is something going on at
the Chamber almost daily. And also, the ability to attract top quality speakers, who are
internationally renowned, coming to talk to the General Chamber, I think is an indication
of the stature of the Chamber within the global community.
How do you plan to get
members more involved in the Chamber?
I think they need to be persuaded that the views they submit to the
Chamber are taken seriously. The Chamber is not there as a recipient of mail that comes in
and they don't read and do nothing about. And sometimes, if you have a particular problem
that is bugging you and it relates to your business, and you think, why should I write to
the Chamber? They have bigger companies to deal with and they have a bigger voice. So if
we have to do any persuading, it is persuading those type of members that we are there to
facilitate their needs. They are the customer of the Chamber and the Chamber will be
responsive to their needs. It doesn't matter what they have got. They should be encouraged
to speak up and let us know what is going on. If we don't know what is going on we cannot
read their minds.
There is also a feeling which prevails which says I am a small business so
I am not going to be listened to. The Chamber is there to serve all businesses, big or
small. So I think this is an issue that we need to address, because I think people do
believe that it is only big businesses that are gong to be listened to, when in reality,
it is quite different. |