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About us
Honorary Advisory Panel

Mr Nicholas Allen

Mr Allen is an independent non-executive director of Lenovo Group Limited, CLP Holdings Limited and Hysan Development Company Limited. He was formerly a partner of PricewaterhouseCoopers in Hong Kong Special Administrative Region.

Mr Roger Best, JP

Mr Best is a certified public accountant. He was a partner of Deloitte Touche Tohmatsu from 1982 until his retirement on 31 May 2010. He is a fellow member of both the Hong Kong Institute of Certified Public Accountants and the Institute of Chartered Accountants in England and Wales, and was appointed as a member of the IFRS Advisory Council in January 2013. He was elected as president of the Hong Kong Institute of Certified Public Accountants in 2004. He was appointed to the Financial Reporting Review Panel of the Financial Reporting Council (FRC) from July 2007 to July 2010 and an Honorary Adviser of the FRC from August 2010 to November 2012. He had served as a Council Member of the Financial Reporting Council from December 2012 to November 2014.

Mr Clement Chan

Mr Chan is the Managing Director – Assurance of BDO Limited. He is the immediate past president of the Hong Kong Institute of Certified Public Accountants (HKICPA). He has actively participated in standards setting and governance activities of the Institute. He is the past chairman of the Financial Reporting Standards Committee of the HKICPA (2010 to 2013) and the Asian Oceania Standards Setting Group (2014-2015). Clement has also actively served in a number of public positions. He is a fellow of both the Hong Kong Institute of Certified Public Accountants (Practising) and the Institute of Chartered Accountants in England and Wales.

Dr Moses Cheng, GBM, GBS, OBE, JP

Dr Cheng is the Consultant of PC Woo & Co. He was a director of Hong Kong Exchanges and Clearing Limited and had extensive experience in the Listing Committee of The Stock Exchange of Hong Kong Limited. He had served as a Council Member of the FRC from December 2006 to November 2012.

Mr Chew Fook Aun

Mr Chew is the deputy chairman and executive director of Lai Sun Garment (International) Limited and Lai Sun Development Company Limited, the executive director of eSun Holdings Limited, and the chairman and executive director of Lai Fung Holdings Limited. He has over 30 years of experience in accounting, auditing and finance in the United Kingdom and Hong Kong. He was a vice president and a former council member of the Hong Kong Institute of Certified Public Accountants. He is a certified public accountant and a fellow member of the Institute of Chartered Accountants in England and Wales and of the Hong Kong Institute of Certified Public Accountants. Mr Chew is a member of the Operations Review Committee of the Independent Commission Against Corruption and was a member of its Corruption Prevention Advisory Committee from January 2009 to December 2014. He is also a member of the Hong Kong Barristers Disciplinary Tribunal Panel. He served as a member of the Standing Committee on Company Law Reform from February 2009 to January 2015 and a member of the Advisory Committee of the Securities and Futures Commission from June 2007 to May 2013.

Mr Eugene Fung, SC

Mr Fung is a barrister in private practice. He is experienced in the fields of commercial law, trusts and probate, tax, property litigation, and company and insolvency law.

Dr PM Kam

Dr Kam is a certified public accountant. He was the Chief Executive Officer of the FRC from 1 April 2010 to 31 March 2013. He was also a founding Council Member from December 2006 to September 2009. Prior to joining the FRC, he was the group financial controller of Jardine Matheson Limited. Dr Kam was a member of the IFRS Advisory Council of the International Accounting Standards Board from November 2005 to December 2011. He was the president of the then Hong Kong Society of Accountants (now renamed HKICPA) in 1999 and 2000.

Mr Edward Kwan, MH

Mr Kwan was formerly the chief executive officer of HSBC Broking Services (Asia) Limited. He is presently the chairman of the Advisory Committee on Human Resource Development in the Financial Services Sector of the Government of the Hong Kong Special Administrative Region. He is also a member of the Securities and Futures Appeals Tribunal and the Hong Kong Scout Foundation Management Committee, a fellow member of the Hong Kong Securities Institute, and the honorary treasurer of the Hong Kong Federation of Youth Groups. He had served as a Council Member of the FRC from December 2009 to November 2012.

Mr Anders Lau

Mr Lau is an assurance partner of Ernst & Young Hong Kong.

Mr Albert Li

Mr Li is a certified public accountant. He was formerly a partner of KPMG Hong Kong and his main responsibilities were technical advisory and audit. He had served as an Honorary Adviser of the FRC from August 2007 to November 2009 prior to his appointment as a Council Member from December 2009 to November 2012.

Dr Eric Li, GBS, JP

Dr Li is a senior partner of Li, Tang, Chen & Co, Certified Public Accountants and an independent non-executive director of a number of listed companies in Hong Kong. He is also a member of the 11th National Committee of the Chinese People’s Political Consultative Conference. He had served as a Panel Convenor of the Financial Reporting Review Panel of the FRC from July 2007 to July 2013.

Mr Tim Lui, BBS, JP

Mr Lui is a senior advisor of PwC Hong Kong and a deputy of The National People’s Congress of the People’s Republic of China. He was president of the Hong Kong Institute of Certified Public Accountants in 1997. Mr Lui is currently chairman of the Education Commission; Committee on Self-financing Post-Secondary Education and the Self-financing Post-secondary Education Fund Steering Committee. He is also a member of University Grants Committee.

Ms Teresa Ma

Ms Ma is an experienced lawyer and a mediator. She was a partner and a member of the International Board of Linklaters. She is currently an accredited mediator of the Hong Kong Mediation Accreditation Association and the Centre for Effective Dispute Resolution. She has served on the Takeovers and Mergers Panel and the Takeovers Appeal Committee of the Securities and Futures Commission. During December 2012 to November 2014, she was a Council Member of the FRC.

Mr Stephen Mercer

Mr Mercer is a member of the Hong Kong Institute of Certified Public Accountants and the Institute of Chartered Accountants of Scotland. He has been a partner with KPMG since 1998. Previous roles include Partner in Charge of Audit in both KPMG Hong Kong and Shanghai.

Mr Kenneth Morrison

Graduated in law from Edinburg University and then qualified as a CA (Scotland). He is also a CPA (Hong Kong); partner of international accounting/business advisory firm Mazars, and, for 2012-2016, Vice Chairman of Mazers Group Governance Council. He has served on several HKICPA committees including Accounting Standards, Practice Review and Ethics. He is currently a member of the Audit Profession Reform Working Group, a council member of the Institute of Chartered Accountants of Scotland, and serves in several not-for-profit service organizations.

Mr Michael Scales

Mr Scales was the corporation secretary of The Hongkong and Shanghai Banking Corporation Limited until May 2010. He served as a member of the Standing Committee on Company Law Reform, SFC Share Registrars Disciplinary Committee and SFC Dual Filing Advisory Group. He is presently a corporate governance consultant for the Noble Group Limited, and a director and honorary secretary of the Ebenezer School and Home for the Visually Impaired. He had served as a Council Member of the FRC from January 2009 to November 2012.

Mr Stephen Taylor

Mr Taylor is a national professional practice director and a senior technical partner of Deloitte Touche Tohmatsu China and a member of Deloitte’s Global International Financial Reporting Standards Leadership Team and Global Audit Quality Board. He is currently deputy chairman of The Hong Kong Stock Exchange Listing Committee, a member of the Professional Standards Monitoring Expert Panel of the Hong Kong Institute of Certified Public Accountants as well as its Sustainability and Integrated Reporting Advisory Group and member of the International Accounting Standards Board and Financial Accounting Standards Board joint committee on Financial Statements Presentation. He had served as a Member of the Financial Reporting Review Panel of the FRC from July 2007 to July 2010 and had served as a Panel Convenor of Financial Reporting Review Panel from July 2010 to July 2013. He is currently a member of the Operations Oversight Committee of the FRC.

Mr Huen Wong, BBS, JP

Mr Wong is a solicitor. He is the Principal of Fried Frank, Hong Kong and Shanghai offices. Mr Wong is currently the President of the Inter-Pacific Bar Association. He was the past chairman of the Hong Kong International Arbitration Centre and the past president of the Law Society of Hong Kong. Mr Wong is the Chairman of the Copyright Tribunal and a Deputy Chairman of the Inland Revenue Board of Review. He is a panel member of the disciplinary tribunals of the Hong Kong Institute of Certified Public Accountants and Hong Kong Federation of Insurers. Mr Wong is also chairing the Disciplinary Committee of Financial Dispute Resolution Centre.

Mr Clement Kwok

Mr David Wu


Honorary Advisory Panel is established on 11 December 2012 to assist the FRC in discharging its functions and responsibilities arising from or in relation to the Financial Reporting Council Ordinance. The function of the Honorary Advisers is to advise the FRC, including its committees and staff, with respect to any matter referred to the Honorary Advisers by the FRC.

Page last updated: 1 November 2017