Business Development Committee Terms of Reference, Board Committees

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Business Development Committee Terms of Reference

To consider and make recommendations to the Board on business investment objectives and strategies relating to the development of HKIA as an international aviation hub.
To consider and approve or make recommendations to the Board, as appropriate, on:
1. airport business, commercial and land development plans and proposals and associated consultancies;
2. major commercial and airport operational commitments including review of airport charges and other pricing and charging polices; and
3. initiatives that promote or maintain HKIA’s status as an international aviation hub.
To advise on the themes and key components for the annual plan and the five-year plan.
To perform other functions as may be delegated to it by the Board.
The delegated authority of this Committee is HK$1,000 million for routine commitments; HK$500 million for non-routine commitments; and HK$100 million for consultancies.