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Mice Net : October 2009
64 mice.net full disclosure news STORY BY JOHANNA MCKINNON A RECENT SURVEY OF Australian executive assistants and personal assistants has revealed that while many are organising events they are unaware of accumulative commissions. PAs want 0% 20% 40% 60% 80% 100 % Event Hospitality Parties Conferences Booking Hotels Booking Venues 25.1 % 74.9 % 17.4 % 22.0 % 38.5 % 82.6 % 78.0 % 61.5 % 18.4 % 81.6 % Yes No The survey conducted by the Executive Assistant Network showed that 46.1 percent of respondents who use external consultants like PCOs, would like to see compulsory disclosure of all commission payments. And almost 60 percent said that on average they aren't made aware of all the different commissions accumulated through hotels, venues or other suppliers that are recommended by their chosen consultant. The question posed to more than 400 EAs and PAs was: if the events industry was to self-regulate these types of commission payments what would be your views? In addition to the majority who want compulsory disclosure, 34.4 percent said they would like to see commission payments removed completely and would prefer to pay external consultants fully for their services with the expectation to pay reduced rates from suppliers. And going on the number of events these individuals organise annually, it appears as if they know what they're talking about. Findings from the survey found the 482 respondents organise a total average of more than 5000 events annually. Of this total 64 percent specifically organise conference and training events, and between them arrange more than 2700 of these functions annually for more than 127,000 attendees. Not only are they organising conference and training events, the FROM PCOS Figure 1 - Do you use an external consultant to assist you in organising the following types of events or functions?