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The Financial Secretary has, under the authority delegated by the Chief Executive, appointed 15 new members to the Financial Reporting Review Panel (FRRP). Meanwhile, a convenor-cum-member and two members have been re-appointed.
The appointments and re-appointments, made in accordance with the Financial Reporting Council (FRC) Ordinance (Cap. 588), are:
15 new members for a term of three years from July 16, 2015, to July 15, 2018:
Mr Chan Wai-man
Professor Cheng Cheng-shing
Ms Yvonne Cheng Wai-sum
Mr Jeckle Chiu
Mr Tommy Fung Hon-kwong
Dr Look Guy
Ms Joan Ho Yuk-wai
Ms Kong Sui-yee
Mr Roy Lo Wa-kei
Mr Bernard Jaun Mak Siu-cheung
Ms Agnes Kar-wai Nardi
Mr Hamilton Ty Tang
Mr Tsui Hon-man
Ms Wendy Yuen Miu-ling
Professor Zhang Guochang
A convenor-cum-member for a term of three years from July 16, 2015, to July 15, 2018:
Mrs Catherine Morley
Two members for a term of one year from July 16, 2015, to July 15, 2016:
Mr Eugene Fung Ting-sek
Ms Anna Wong Wai-kwan
A Government spokesman said today (July 9), "The FRC is an important institution tasked to enhance the regulation of the accounting profession and corporate governance of companies listed in Hong Kong.
"As a statutory body established under the FRC Ordinance, the work of the FRRP is indispensable to the discharging of the FRC's statutory functions of initiating enquiries concerning non-compliance with legal, accounting or regulatory requirements in a listed entity's financial reports. We look forward to benefiting from the knowledge and expertise of FRRP members."
The spokesman added, "We would also like to take this opportunity to express our heartfelt appreciation to the outgoing members for their valuable contributions to the work of the Panel in the past years."
When an enquiry case arises, the FRC will appoint one convenor and four or more members from the FRRP to form a Financial Reporting Review Committee, which will enquire into the relevant non-compliance of the case. It will also submit an enquiry report on the case to the FRC for consideration and, where appropriate, follow-up action.
The appointments will be gazetted tomorrow (July 10).
Ends/Thursday, July 9, 2015
Issued at HKT 16:01
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