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Council

The Financial Reporting Council (FRC) comprises the following members in accordance with the requirements of the Financial Reporting Council Ordinance, a majority of whom, including the Chairman, are lay members.


Chairman

Dr John Poon, BBS, JP

Dr Poon is a solicitor and a non-executive director of the Mandatory Provident Fund Schemes Authority. He was formerly the deputy chairman of Esprit Holdings Limited until July 2008. Dr Poon served as a lay member of the council of the Hong Kong Institute of Certified Public Accountants from December 2005 to December 2011 during which he was also the chairman of Professional Qualifications Accountability Board (2009-2011) and the chairman of Governance Review Task Force in 2011. He was a member of the Standing Committee on Company Law Reform (2003-2009) and the Board of Review (Inland Revenue Ordinance) (2004-2010).


Members

Mr TC Chan, BBS, JP
(appointed on the nomination of the Hong Kong Exchanges and Clearing Limited)

Mr Chan is a senior advisor of The Bank of East Asia and CVC Capital Partners. Mr Chan is a veteran banker, with over 30 years’ of banking experience covering Hong Kong, Japan, Taiwan and Mainland China. He currently serves on the boards of various listed companies, NGOs and government statutory bodies.

Mr Wilson Fung
(appointed on nomination of the Hong Kong Institute of Certified Public Accountants)

Mr Fung has over 17 years of experience in auditing in Hong Kong and the United Kingdom. Having worked for Jardine Matheson for 21 years, he retired from the company as its group financial controller in September 2014. He is a fellow member of both the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants, and a member of the Institute of Chartered Accountants in England and Wales. He was elected as president of the Hong Kong Institute of Certified Public Accountants in 2010. Mr Fung is the founding president of Hong Kong Business Accountants Association, the chairman of Hong Kong Dance Company, a member of Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Review Tribunal, a member of Hong Kong Productivity Council, a member of the Audit Committee of West Kowloon Cultural District Authority, a member of the Audit Committee of Hong Kong University of Science and Technology and a director of the Urban Renewal Fund. He was appointed to the Financial Reporting Review Panel of the FRC as a Convenor from July 2007 to July 2013.

Mr Nicholas Sallnow-Smith

Mr Sallnow-Smith is the chairman of the board of Link Asset Management Limited. He has over 40 years of experience in the finance and treasury field in the United Kingdom and Asia, and has extensive knowledge of the property investment/management industry in Hong Kong. He was chief executive of Hongkong Land Limited between 2000 and 2007. He is an independent non-executive director of Wynn Macau, Limited, UCP Plc and Aviva Life Insurance Company Limited (Hong Kong). He has been actively involved in public service and is an executive committee member of the Hong Kong Youth Arts Foundation, a member of the Council of the Treasury Markets Association, and a councilor of Foundation for The Arts and Music in Asia Ltd. He is also a member of the Board of Governors of Hong Kong Philharmonic Society Ltd., a director of East Asian History of Science Foundation Ltd., and chairman of the Manpower Committee of the Hong Kong General Chamber of Commerce.

Hon Sin Chung Kai, SBS, JP

Mr Sin is a Legislative Councillor representing the geographical constituency of Hong Kong Island. He served as a board director of the West Kowloon Cultural District Authority and the chairman of its remuneration committee from 2008 to 2014. Mr Sin served as a board member of the Hong Kong Tourism Board from 2008 to 2014, a member of the Council for Sustainable Development from 2009 to 2013, a member of the Greater Pearl River Delta Business Council from 2009 to 2013 and a member of the Operations Review Committee and Witness Protection Review Board Panel of the Independent Commission Against Corruption from 2006 to 2012. He served as a member of the Housing Authority from 2001 to 2009 and a board director of the Hong Kong Mortgage Corporation Limited from 1999 to 2009.

Mr David Stannard

Mr Stannard is a corporate lawyer based in Hong Kong. He was executive director in charge of the Corporate Finance Division of the Securities and Futures Commission from January 1999 to September 2001, a member of the Listing Committees of the Main Board and the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited from 2003 to 2008 and a member of the Standing Committee on Company Law Reform from 2003 to 2010.

Mr Wong Kai Man, BBS, JP
(appointed on nomination of the Securities and Futures Commission)

Mr Wong was a non-executive director of the SFC (2009 – May 2015) and a member of the Listing Committee (1999-2003) of the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited. He was an audit partner of PricewaterhouseCoopers, Hong Kong before his retirement in June 2005. He has served/is serving as an independent non-executive director of several companies listed in Hong Kong. Mr Wong has also served on advisory committees and statutory bodies established by the Government of the Hong Kong Special Administrative Region, boards of charities and councils of universities.

Dr Kelvin Wong, JP

Dr Wong is an executive director and deputy managing director of COSCO Pacific Limited. He is also an independent non-executive director of six listed companies in Hong Kong. He is the immediate past chairman of The Hong Kong Institute of Directors, a non-executive director of the Securities and Futures Commission, a former member of Main Board and GEM Listing Committee of The Stock Exchange of Hong Kong Limited and a member of the Corruption Prevention Advisory Committee of Independent Commission Against Corruption.

Ms Eirene Yeung

Ms Yeung is a member of the Executive Committee and company secretary of Cheung Kong Property Holdings Limited. She is also the company secretary and the alternate director to the group managing director of Cheung Kong Infrastructure Holdings Limited; the company secretary of CK Life Sciences Int’l., (Holdings) Inc.; and a non-executive director of ARA Asset Management (Fortune) Limited, which manages Fortune Real Estate Investment Trust, a real estate investment trust listed in Hong Kong and Singapore.

Ms Yeung is a member of the SFC (HKEC Listing) Committee of the SFC of Hong Kong, a member of the Listing Committee of the Main Board and Growth Enterprise Market of the SEHK, a member of the Advisory Committee on Corruption of the ICAC, a General Committee member of The Chamber of Hong Kong Listed Companies, a member of the Advisory Board of the MBA Programmes of The Chinese University of Hong Kong (CUHK) and a member of the Advisory Group on BBA-JD Programme of CUHK. Ms Yeung is a solicitor of the High Court of the HKSAR and of the Senior Courts of England and Wales. She is also a fellow member of The Hong Kong Institute of Directors, The Hong Kong Institute of Chartered Secretaries and The Institute of Chartered Secretaries and Administrators.

Ms Ada Chung, JP (ex-officio)

Ms Chung, the Registrar of Companies, is a certified public accountant and a barrister-at-law. As a representative of the Financial Secretary, Ms Chung is an ex-officio council member of the Hong Kong Institute of Certified Public Accountants. She is also a fellow of the Hong Kong Institute of Chartered Secretaries and the Hong Kong Institute of Directors. Before her appointment as the Registrar in August 2007, she was a Deputy Law Officer of the Department of Justice.

Mr Paul Winkelmann (ex-officio)

Mr Winkelmann is the Chief Executive Officer of the Financial Reporting Council. He has rich experience in the accounting profession. He was the partner-in-charge of PricewaterhouseCoopers’ Risk Management and Quality team in Greater China from 2002 to 2014 and was the president of the Hong Kong Institute of Certified Public Accountants (HKICPA) in 2009. He also served as the Chairman of the Financial Reporting Standards Committee of the HKICPA from 2004 to 2009 which oversaw the full convergence of Hong Kong’s accounting, audit and ethics standards with the international standards. He was a member of the Operations Oversight Committee of the FRC from August 2013 to March 2016 and an Honorary Adviser of the FRC from 11 December 2015 to March 2016.

Page last updated: 1 April 2016