Oversight, Policy and Governance Committee



The Oversight, Policy and Governance Committee advises the Board on matters concerning the FRC’s oversight of the HKICPA’s performance of specified functions and matters concerning policy research and guidance on governance issues for stakeholders and beneficiaries concerned with the enhancement of the quality of audit and financial reporting.

Mr TC Chan, BBS, JP Chairman From 2019-10-01
Current appointment expires on 2020-09-30
Mr Chan is a Senior Advisor of The Bank of East Asia and CVC Capital Partners. He 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.
Ms Rosita Lee Vice-Chairman From 2019-10-01
Current appointment expires on 2021-09-30
Ms Lee is the Head of Investment Products and Advisory Business of Hang Seng Bank Limited, a Director and Chief Executive Officer of Hang Seng Investment Management Limited, a Director and Chief Executive Officer of Hang Seng Investment Services Limited, a Director of Hang Seng Qianhai Fund Management Company Limited and a member of China Committee of Hong Kong General Chamber of Commerce. She serves a number of public appointments in HK, including Securities and Futures Commission, The Sir David Trench Fund for Recreation, The Hong Kong Jockey Club Music and Dance Fund, and the Correctional Services Children’s Education Trust. Ms Lee holds a Bachelor of Social Sciences Degree from The University of Hong Kong, a Master of Science Degree in Global Finance jointly awarded by the Hong Kong University of Science and Technology and New York University STERN Business School and is CFPcm certified.
Ms Melissa Brown Member From 2019-10-01
Current appointment expires on 2021-09-30
Ms Brown is a Partner at Daobridge Capital, a private investment advisory firm, where she focuses on opportunities linked to sustainable investments in Asian markets. She also works as a specialist consultant with the Institute for Energy Economics and Financial Analysis and the Asian Corporate Governance Association. She is a member of the SFC Takeovers Panel and the HKEX Listing Review Committee. She has previously served as a member of the HKEX Listing Committee, as a government-appointed lay council member of the Hong Kong Institute of CPAs, and on the UN PRI Advisory Council.
Mr Cheng Man Yeung, Michael Member From 2019-10-01
Current appointment expires on 2021-09-30
Mr Cheng is the Head of Government Affairs & Public Relations, Asia Pacific of Invesco Hong Kong Limited. He has over 25 years of experience in the financial and legal services industry. He served as Executive Director, ESG Research of MSCI Hong Kong and led their APAC corporate governance research. Prior to this, he had held senior positions at the Asian Corporate Governance Association, Hong Kong Exchanges & Clearing Limited, China International Capital Corporation, and the Securities and Futures Commission. He is a Fellow Member of the Hong Kong Securities and Investment Institute.
Mr Eugene Fung, SC Member From 2019-10-01
Current appointment expires on 2021-09-30
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. He is also a Recorder of the High Court, the Chairman of the Banking Review Tribunal and a Deputy Chairman of the Administrative Appeals Board. He was a member of the Law Reform Commission of Hong Kong from 2012 to 2018.
Mr Stephen Hung Member From 2019-10-01
Current appointment expires on 2021-09-30
Mr Hung is the Past President and a current member of the Council of the Law Society of Hong Kong. As a representative of the Law Society, he serves Judicial Officers Recommendation Commission. In his own capacity, he serves on the Hong Kong Examinations and Assessment Authority, the Law Reform Commission, Sub-committee on Causing or Allowing the Death of a Child, the Communications Authority, the Professional Services Advancement Support Scheme Vetting Committee and the Lump Sum Grant Steering Committee . He is an Adjunct Professor of Law of Hong Kong Shue Yan University, the Law School of Beijing Normal University and Visiting Professor of the Faculty of International Law of China University of Political Science and Law in Beijing, China.
Mr Stephen Lee Member From 2019-10-01
Current appointment expires on 2021-09-30
Mr Lee has over 30 years of experience in accounting, auditing and financial management, at KPMG in London and Hong Kong. He retired from KPMG in 2011 as Partner-in-Charge of the Risk Consulting practices of KPMG in respect of Hong Kong, mainland China and the Asia Pacific region, and is currently serving as an Adjunct Associate Professor at The Chinese University of Hong Kong and as Immediate Past President of The Institute of Internal Auditors Hong Kong. He is also an Independent Non-Executive Director at a number of companies. He is a Fellow Member of The Hong Kong Institute of Certified Public Accountants and of The Institute of Chartered Accountants in England and Wales, and is an Associate Member of The Institute of Directors and The Institute of Internal Auditors.
Mr Keith Lui Kei Kwong Member From 2019-10-01
Current appointment expires on 2021-09-30
Mr Lui was the Executive Director (August 2006 – August 2019) of the Supervision of Markets Division of the Securities and Futures Commission (SFC). During his service at the SFC, he was the Chairman of the Investor Compensation Fund Committee, and the Securities Compensation Fund Committee, and member of the Advisory Committee, Investment Committee, and SFC (HKEC Listing) Committee. He was also a member of the Statutory Risk Management Committee of Hong Kong Exchanges and Clearing Limited. He had worked for various financial institutions in the US and Hong Kong in the areas of deposit taking and lending, asset management and investment banking.
Mr Francis Siu Member From 2019-10-01
Current appointment expires on 2021-09-30
Mr Siu is a fellow of Hong Kong Institute of Certified Public Accountants and Institute of Chartered Accountants in England and Wales. Mr Siu graduated from the University of Sheffield UK in 1979. After that he joined KPMG Manchester, UK and returned to Hong Kong in 1986 and became a partner of KPMG Hong Kong in 1993. From 2000 to 2002, he was a senior partner of KPMG Shanghai Office. From 2002 to March 2010, he was a senior partner of KPMG Beijing Office, and a senior partner of Northern Region, KPMG China. He is currently an INED of number of Listing Companies in Hong Kong and Singapore; sat on a number of committees of the accounting profession in China.
Mr Paul Smith Member From 2020-02-05
Current appointment expires on 2022-02-04
Mr Smith is an independent corporate director. He served as President and CEO of CFA Institute from January 2015 to September 2019. Previously he owned and ran Asia Alternative Asset Partners, a Hong Kong Hedge Fund Group. He first came to Hong Kong in 1996 to run the Bank of Bermuda’s securities servicing business and on sale to HSBC acted as Global Head of HSBC’s alternative funds servicing business. From 1984 to 1995 he worked for Ermitage International a European fund manager spending the last seven years as CEO. He is a Fellow of the Chartered Accountants of England and Wales, a Chartered Financial Analyst and holds a Master of Arts degree from Oxford University.
Ms Nancy Sau Ling Tse, JP Member From 2019-10-01
Current appointment expires on 2021-09-30
Ms Tse is an Independent Non-Executive Director of Wheelock and Company Limited, Link Asset Management Limited (Manager of the Link REIT); DBS Bank (Hong Kong) Limited as well as HSBC Provident Fund Trustee (Hong Kong) Limited. She is a member of the Board of Governors of the Prince Philip Dental Hospital and is an Adjunct Professor of The Jockey Club School of Public Health and Primary Care of the Chinese University of Hong Kong. She is the Deputy Chairman of the Governance Committee of the Hong Kong Institute of Certified Public Accountants. Ms Tse holds a Bachelor of Arts (Honours) degree in Mathematics and a Master of Business Administration in Finance/Accounting from the University of California, Los Angeles, the United States. She is a chartered accountant qualified in Canada, a fellow of the Hong Kong Institute of Certified Public Accountants and a fellow member of the Hong Kong Institute of Directors.
Ms Florence Wong Member From 2019-10-01
Current appointment expires on 2021-09-30
Ms Florence Wong is the Head of Oversight, Policy and Governance of the FRC. She has been with the FRC for over 10 years. Ms Wong has extensive regulatory knowledge and experience in financial reporting and auditing. She is a former member of the Financial Reporting Standards Committee of the Hong Kong Institute of Certified Public Accountants (HKICPA). Prior to joining the FRC, Ms Wong worked in the HKICPA and an international accounting firm. She is qualified as a certified public accountant and a certified internal auditor.