Meet our Chairman at a small group breakfast meeting. Dr Christopher To will share his insights on commercial dispute resolution. The meeting is also designed for our members to stay connected.
Theme 主題: How to prevent and resolve commercial disputes
Dr Christopher To 陶榮博士
Barrister-at-law, Gilt Chambers
8:30am-9:00am Check-in, breakfast* and mingling.
9:00am-9:30am Dr Christopher To’s address and Q&A.
9:30am-10:00am Continued mingling.
Date日期： Wed 28 June 2023
Language 語言： English 英語
CPD: 1 Hour 小時
Fees 費用：For members 會員每位 @HK$180
For members’ guests invited and accompanied by members
Dress Code 衣著準則：Business Attire 商務服裝
Enquiries 聯絡方法：Mr Toby Lee 李先生 2889 0789
HKIoD Members’ Delegation 香港董事學會訪問團
Gleneagles Hospital Hong Kong Visit 訪問港怡醫院
Gleneagles Hospital Hong Kong is part of IHH Healthcare, one of the world’s largest healthcare providers. With its full spectrum of integrated services, dedicated people, reach and scale, and commitment to quality and safety, IHH aspires to be the world’s most trusted healthcare services network, united by a single purpose: to touch lives and transform care.
Host & Speaker 主持及講者：
Prof John Mok, Chairman of HKIoD SME Committee & Chairman of AML Holdings Limited
Topic: Growing heritage of Family business with the new age
Mrs Margaret Leung, CEO of Diamond Restaurant and Founder of Pharmabelle Ltd
Mr Andrew Leung, Director of Diamond Restaurant and Pharmabelle Ltd
Topic: Growing Chinese Family Business Globally beyond IPO
Ms Clara Chan, Chief Executive Officer of Lee Kee Holdings Ltd
3:00-3:10pm – Speaker Introduction By Prof John Mok 莫建鄰教授介紹嘉賓
3:10-3:40pm – Presentation by Mrs Margaret Leung and Mr Andrew Leung 梁甘秀玲女仕演講及梁智宏先生演講
3:40-4:10pm – Presentation by Ms Clara Chan 陳婉珊女士演講
4:10-4:30pm – Q&A 問答
4:30-5:00pm – One-on-One Consultation Session (exclusively for HKIoD members)
Event mode 活動模式: Hybrid Event 混合式活動
Venue 地點：Zoom Platform AND HKIoD Office, 2104 Shanghai Industrial Investment Building, 48 Hennessy Road, Wan Chai, Hong Kong
Language 語言：Cantonese 粵語主講
Admission Fees 費用：
On site : HK$50 (member), HK$150 (non-member)
Online : Free of charge (member), HK$80 (non-member)
1. Participants are welcome to raise their questions related the topic in the registration form below OR email their questions 2 working days prior to the event to firstname.lastname@example.org
2. HKIoD members, who wish to register for a slot in the One-on-One Consultation Session, are required to register in the booking form below. Only one slot will be arranged for each member. As time slots are limited, reservation will be entertained on a first-come-first-served basis.
3. Seats are limited and reservation will be entertained on a first-come-first-served basis. 活動名額有限，先到先得。
Theme 主題：Directors’ duties: Guidelines on Selecting Auditors and Setting Audit Fees
Key topics to be covered:
The role of AFRC;
Duties of directors and audit committees in selecting auditors and setting audit fees;
Considerations for selecting and appointing auditors;
Considerations for setting adequate audit fees;
Practical recommendations on actions for directors and audit committees in the event of auditor resignation; and
AFRC’s concerns on late auditor resignations.
Ms Mary Leung, Head, Policy, Registration and Oversight, AFRC
Ms Tracy Chan, Director, Policy, Registration and Oversight, AFRC
Event mode 活動模式: Zoom
Venue 地點：Zoom Platform
Language 語言：English 英語主講
CPD: 1 Hour 小時
Admission Fees 費用：Free of charge 免費
Participants 參加者：HKIoD members and their invited guests 本會會員及其賓客
Seats are limited and reservation will be entertained on a first-come-first-served basis. 活動名額有限，先到先得。
Directors are responsible for the preparation and the true and fair presentation of the financial statements. Financial statements convey the business activities and financial performance of a company, while audits provide credibility to financial statements and give public confidence in their truthfulness and fairness. In a rapidly changing environment, the public has higher expectations on the boards of listed companies and their audit committees to uphold the quality of financial reporting. In this context, board directors must have a heightened sense of responsibility when assessing audit quality and better understand the impact that the appointment of an auditor or the setting of audit fees may have on audit quality. However, some directors may face pain points of not knowing what actions they can take.
In this webinar, Accounting and Financial Reporting Council (AFRC) will provide an overview of the guidelines for selecting and appointing auditors and setting audit fees as set out in the “Guidelines for Effective Audit Committees – Selection, Appointment and Reappointment of Auditors” (Guidelines) published in December 2021. AFRC will also outline the findings of two reports published in March 2023 on the implementation of the Guidelines by audit committees and on audit fees in Hong Kong. The implementation of the Guidelines is crucial to upholding the quality of audit, financial reporting and corporate governance.
 In March 2023, AFRC published two reports on the appointment of auditors by audit committees and on audit fees in Hong Kong:
The 2023 Survey Report on the Implementation of the Guidelines for Effective Audit Committees – Selection, Appointment and Reappointment of Auditors (the Survey Report) contains results of AFRC’s online survey on the practical realities facing auditors and audit committees in the appointment of auditors and the setting of audit fees.
The Audit Fees Paid by Listed Companies in Hong Kong 2020-2021 (theAudit Fees Report) analyses the audit fees paid by listed companies and what effects, if any, COVID-19 and the ensuing economic downturn have had on the market.
About the AFRC
AFRC is an independent body established under the Accounting and Financial Reporting Council Ordinance. As an independent regulator, AFRC spearheads and leads the accounting profession to constantly raise the level of quality of professional accountants, and thus protects the public interest. For more information about the statutory functions of the AFRC, please visit https://www.afrc.org.hk.
Ms Mary Leung, Head of Policy, Registration and Oversight, AFRC Mary is the Head of Policy, Registration and Oversight at the Accounting and Financial Reporting Council (AFRC). In her role, she is responsible for setting policy, and for delivering the statutory functions relating to the registration of audit practitioners and the oversight of the HKICPA. Mary is focused on the initiatives that would fulfil AFRC’s mission of promoting the sustainable development of the profession. She leads a team of professionals that drives policy research and publishes guideline on issues relating to governance, financial reporting and audit, with the ultimate objective of enhancing audit and financial reporting quality and raising professionalism in Hong Kong. Mary has a proven track record in stakeholder engagement in the Asia Pacific region, and has worked with the CFA Institute and other global financial institutions for over 20 years.
Ms Tracy Chan, Director of Policy, Registration and Oversight, AFRC Tracy is a Director of Policy, Registration, and Oversight at the AFRC, taking the lead in policy and governance projects, and being responsible for the review of registration applications from practice units and for oversight of the specified functions carried out by HKICPA. As a project lead, she conducts policy research and develops guidance that promotes best practices on audit quality and governance. Tracy is a Certified Public Accountant and has extensive professional experience in providing assurance, regulatory and advisory services to a number of international financial institutions in Hong Kong, London, and Sydney.
Corporate governance principles and the board’s fiduciary duties.
Types of directors and their challenges.
Major forces shaping boardroom reform.
The functioning of the board.
Development of the board and directors.
CPD Hours: 2
Facilitator: Dr Abril Choy Dr. Choy has over 20 years’ of solid experiences in building project management, corporate development, financial services, corporate governance, and tertiary education sectors.
She is a specialist and professional adviser in legal regulation, strategic planning and finance.
Since returning from Australia till present, Dr. Choy has served various Hong Kong’s Government Board and Committees.
Among her appointed positions, she has reviewed, commented and adjudicated numerous cases from telecommunication licensing, compliant and codes of practice, medical regulation, appeal board, financial institutions resolution compensation, professional ethics of accountant, law enforcement, and social insurance to name a few. Presently, Dr. Choy has been appointed as a Council Member, Human Reproductive Technology since then.
Dr. Choy received her academic education from Hong Kong, Australia, and China. She was awarded Doctor of Juridical Science (JSD) from the City University of Hong Kong with good honor. Dr. Choy obtained her master degrees in the area of PRC Law from Renmin University of China, global business from the Chinese University of Hong Kong, international relations from Macquarie University, Australia and her bachelor degree of business administration from Hong Kong Polytechnic University. Dr. Choy has served as a Lecturer of the Chinese University of Hong Kong and University of Hong Kong as well. She has been a Subject Matter Expert in legal and finance since then. She published different books of finance and education. She is the Members of Training Committee and Kindred Relations Committee of the Hong Kong Institute of Directors (HKIoD) and has become a Facilitator since then. She has conducted different types of directors’ training programs in area of the legal and regulatory framework, effective board, and market misconduct for public listed companies, private limited companies, HKSAR Government, University of Cambridge, and NGOs. Dr. Choy has been appointed as an Honorary Legal Adviser of the Hong Kong Logistics Association. She is the member of different professional institutes including CIArb, FSBP, HKIoD, HKIRA, HKSI, HKIoB, and HKLA.
Speaker Luncheon Meeting 午餐演講會 Hosting in The Hong Kong Club by Dr Carlye Tsui Conway on behalf of HKIoD
Speaker: Mr Joseph H L CHAN JP 陳浩濂太平紳士 Under Secretary for Financial Services and the Treasury 財經事務及庫務局副局長 Theme主題： 香港作為國際金融中心的定位和最新發展 Positioning and Latest Development of Hong Kong as an International Financial Centre
Thursday 13 July 2023 ● 2023年7月13日 (星期四)
12:30 pm Drinks 十二時半恭候 1:00 pm sharp Luncheon 準一時就座
Venue 地點：The Harcourt Suite, 1/F The Hong Kong Club, 1 Jackson Road
CPD: 1 Hour 小時
Language 語言： English英語
Fees 費用：For members會員每位@HK$580
For members’ guests invited and accompanied by members
Dress Code 衣著準則：Business Attire 商務服裝
Enquiries 聯絡方法：Mr Toby Lee 李先生 2889 0789 / Ms Joanne Yam 任小姐 2889 1414
Advance booking on first-come-first-served basis.
Build and Define Digital Transformation Vision to Create New Business Model and Winning in the New Normal
Why Digital Transformation is key to success in creating new business model and winning in new normal
Building on talent pool, Governance model and new way of working business
Defining 5 building blocks and 4 business models of Digital Transformation
Executing Transformation leadership, management capabilities and culture
Seeking Business Ecosystem and Partnership opportunities in new Normal
Deploying change management framework and business architecture
CPD Hours: 2
Facilitator: Mr Ben Wong Principal Consultant of Security Consulting Services Ltd.
Ben has over 25 years of IT e-Banking, Digital Transformation and change management experience. He delivers consultancy and training services to various countries digital solutions particularly in customer journey, security control and governance, risk management, project & change management.
He was taking various senior distribution technology roles for different banking and insurance companies including HSBC, BNP Paribas, Barclays, Bank of China, Manulife to manage project governance and risk control framework, advice on security solution including cloud base solution, remote access control, mobile device management and manage the CRM platform revamp on portal migration, content management and search engine optimization.
He also has strong experiences in Business Planning and Data Analytics, Evaluate Risk and security solution for e-Transaction platform, act as regional platform product owner and certified in design thinking, call center & change manager.
Latest HK requirements on ESG (HKEx Appendix 27, revised corporate governance code, guidance on climate disclosure)
Overview of international ESG reporting framework (e.g. Global Reporting Initiatives, Integrated Reporting, Sustainability Accounting Standard Board etc)
Investor’s expectation: Overview and importance ESG rating
CPD Hours: 2
Ms Athena Ng (CPA, CFA, FSA, CESGA®)General Manager, Corporate Communications China Overseas Land & Investment Ltd. Corporate Financier | Investor | Change Evangelist
Athena Ng is the General Manager, Corporate Finance & Corporate Communications Departments of China Overseas Land & Investment Limited (688.HK), responsible for corporate finance, media, investor relations, environmental, social and governance (ESG) and other Board related matters.
Athena’s 18 years of investment and corporate finance experience spanned from accountant to investment banker to, currently, corporate executive. She started her career as an accountant in New York and subsequently worked at various investment banks (HSBC, J.P.Morgan and RBS), executing fundraisings (private placements, IPOs, right issues, bond issuance) and M&A transactions and recommended optimal financing solution for companies across Asia with primary coverage in real estate, but also in the retail and consumer sector.
Athena is the Board Member of Friends of the Earth (HK), one of Hong Kong’s most prominent and long established green groups. She is a CFA Charterholder, a Certified Public Accountant of Hong Kong and the State of Virginia. She is a Fundamentals of Sustainability Accounting (FSA) Credential holder and a Certified ESG Analyst (CESGA®) of The European Federation of Financial Analysts Societies (EFFAS). Athena holds a Bachelor of Science degree in Commerce from The University of Virginia.
New HKEX climate-related disclosures and the ISSB standards
Course outlines 課程大綱:
The HKEX has issued a consultation paper to mandate climate-related disclosures and introduce new climate-related disclosure requirements which are based on International Sustainability Standards Board (ISSB) Climate Standard. The HKEX new requirements will come into effect on 1 January 2024. This course will cover:
– Key requirements of the new climate-related disclosures proposed by the HKEX
– Comparison with the ISSB standards
– Implications to directors, e.g. linking climate-related considerations with remuneration
– How businesses can start
CPD Hours: 1
Facilitator: Ms Eddie Ng Partner, ESG Advisory, KPMG China
Ms Ng is the firm’s technical leader of reporting and assurance of non-financial information and has hands-on experience in supporting professionals and clients in interpreting and applying ESG reporting and assurance requirements.
Ms Ng possesses expertise and local implementation experience across a range of sustainability advisory services to support companies in preparing their ESG reports in compliance with the HKEX ESG Reporting Guide and TCFD recommendations. She has led and participated in various ESG advisory and assurance engagements, e.g. stakeholder engagement, material assessment, ESG strategy formulation and ESG rating enhancement. She is the principal author of the KPMG publication “Climate Change Reporting: Imminent, Challenging & Mandatory – The Opening Moves”, which discusses the key challenges that companies may face in adopting International Sustainability Standards Board (ISSB)’s proposed climate standard.
Ms Ng is a reviewer of the Hong Kong Institute of Certified Public Accountants (HKICPA) ESG and Corporate Governance Awards since 2018. She was a member of the HKICPA ESG assurance task force and developed guidance on ESG report assurance for the audit profession.
Ms Ng has a master degree in environmental management. She studied climate-related financial disclosures in her dissertation and researched on the drivers and challenges in implementing the TCFD recommendations in Hong Kong.
Join us online for the 2nd bi-annual series Women in Governance
Caribbean Corporate Governance Institute
GCC Board Directors Institute
The Hong Kong Institute of Directors
Mauritius Institute of Directors
Institute of Directors New Zealand
The Institute of Directors South Africa
Wed 26 July 2023 20:00-23:00: Navigating the road to the boardroom Thu 27 July 2023 20:00-23:00:DEI in the boardroom and beyond Fri 28 July 2023 09:30-12:30: Women’s role in climate change and the impact of COVID-19
Diversity on boards, particularly with gender diversity, contributes to effective direction in steering companies towards sustainability. Women have a significant role on boards in perception and strategy. This conference presents women’s roles on boards and insights in current issues, climate change and the impact of COVID-19 from seasoned practitioners and experts.
For those who are unable to attend during the scheduled time, recording of the events will be provided at a later stage.
One Price for Three Events: Members @HK$100; Non-members @HK200