Appointments to Financial Reporting Review Panel

     The Financial Secretary has, under the authority delegated by the Chief Executive, appointed 10 new members to the Financial Reporting Review Panel (FRRP) and also re-appointed five Convenors and six members. 

     The appointments and re-appointments, made in accordance with the Financial Reporting Council Ordinance (Cap. 588) (FRC Ordinance), are:

New members appointed for a term of three years from July 16, 2021, to July 15, 2024
Ms Caroline Chiu Su-yuen
Ms Irene Chu Ngar-yee
Ms Alva Lee Yi-ling
Mr Simon Ng Wing-fai
Mr Benny Chung Koon-chung
Mr Benjamin Lo Man-chuen
Mr Lo Nim-chi
Mr Gilbert Lee Man-lung
Ms Bernardine Lam Sin-yu
Ms Bella Chhoa Peck-lim

Convenors and members re-appointed for a term of three years from July 16, 2021, to July 15, 2024
Mr Mark Douglas Johnson (Convenor)
Mr Paul Shieh Wing-tai (Convenor)
Mr Tang Kwai-chang (Convenor)
Ms Priscilla Wong Pui-sze (Convenor)
Mrs Betty Yuen So Siu-mai (Convenor)
Mr Louis Chow Ka-leung
Mr Leo Lee Chi-ming
Mr Lee Chun-ho
Ms Lung Ngan-yee
Mr Christopher Neil Morley
Mr Eric Tang Ying-cheung

     A Government spokesman today (July 15) said, "The Financial Reporting Council (FRC) is a key regulator for corporate governance of companies listed in Hong Kong. One of the statutory functions of the FRC is to initiate enquiries concerning non-compliance with legal, accounting or regulatory requirements in a listed entity's financial reports.

     "The FRRP, a statutory body established under the FRC Ordinance, is indispensable to the discharge of the FRC's statutory functions of enquiries. The work of the FRRP will benefit from the rich experience and professional knowledge of the members."

     The spokesman added, "We would also like to take this opportunity to express our heartfelt appreciation to the 14 outgoing members for their valuable contribution to the work of the FRRP in the past years."

     When an enquiry case arises, the FRC may 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. The Committee will submit an enquiry report on the case to the FRC for consideration and, where appropriate, follow-up action.

Ends/Thursday, July 15, 2021
Issued at HKT 16:00