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The Government today (September 27) announced the appointment of Mr Bunny Chan Chung-bun to the Financial Reporting Council (FRC).
The appointment, made under the FRC Ordinance, takes effect from next Monday (October 1) until November 30, 2009.
Mr Chan is a business leader with rich experience in community services and public administration. He is the Chairman of the Kwun Tong District Council and a member of the Council of the Open University of Hong Kong, the Social Welfare Advisory Committee, the Commission on Youth and the Committee on Performing Arts.
Under the FRC Ordinance, the FRC comprises a maximum of 11 members, including two ex-officio members (the Registrar of Companies and the Chief Executive Officer of the FRC) and other members appointed by the Chief Executive. The power to appoint members has been delegated to the Financial Secretary.
The FRC is an important initiative to enhance the regulation of the accounting profession and corporate governance of companies listed in Hong Kong. It is a newly-established independent statutory body with enhanced powers to investigate audit irregularities and accounting non-compliances of listed companies in Hong Kong. It became fully operational on July 16 this year.
Following is the membership list of the FRC with effect from next Monday (October 1) until November 30, 2009:
Chairman: Ms Sophia Kao, JP
Members: Mr Bunny Chan Chung-bun, BBS, JP
Mr Moses Cheng, GBS, JP
Mr Mark Dickens, JP
Mr Martin Hadaway
Mr Kam Pok-man
Mrs Sophie Leung, SBS, JP
Mr Vernon Moore
Prof Judy Tsui
Registrar of Companies or her representative
Chief Executive Officer, FRC
The appointment of Mr Chan will be gazetted tomorrow (September 28).
Ends/Thursday, September 27, 2007
Issued at HKT 16:31
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