Corporate Governance

Honorary Advisory Panel

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

Dr Eva Chan

Dr Chan has more than 25 years of financial and management experience and has been senior executives of various listed companies in Hong Kong. She is the Head of Investor Relations of C C Land Holdings Limited. Dr Chan is an independent Non-Executive Director of Capital Environment Holdings Limited, Xtep International Holdings Limited and ST International Holdings Company Limited and an Adjunct Professor in the School of Accounting and Finance of The Hang Seng University of Hong Kong. 


Dr Chan is the Founding Chairman of Hong Kong Investor Relations Association. She obtained a DBA degree from the Hong Kong Polytechnic University.

Ms Ivy Cheung

Ms Cheung is the Senior Partner of KPMG Hong Kong. She is the Past President  of the Hong Kong Institute of Certified Public Accountants. She currently serves as member of various public service committees, including the Standing Commission on Civil Service Salaries and Conditions of Service, the Standing Committee on Company Law Reform, the Consumer Council Audit Committee and the Transport Advisory Committee. She is also the Non-Executive Director of Insurance Authority, Hong Kong Cyberport Management Company Limited and the Hong Kong Genome Institute.

Dr Christine Chow

Dr Chow is Managing Director and the Global Head of Active Ownership at Credit Suisse Asset Management, part of UBS Group. She has 27 years’ experience in investment management, research & consulting, with a focus on technology and sustainability. She is a Board Member and Board Vice Chair of the International Corporate Governance Network (ICGN), an organization led by investors responsible for assets under management in excess of $US70 trillion from over 39 countries and territories. Prior to her current role, she was Global Head of Stewardship at HSBC Asset Management and board member of HSBC Asset Management (UK) Limited. She previously worked at Federated Hermes, Hewitt Associates and Schroders.

Mr Fox Chu

Mr Chu is a Partner in McKinsey & Company in Hong Kong, serving clients across consumer, logistics and infrastructure sectors. Mr Chu has advised clients on topics across policy reform, growth strategy, M&A, operations turnaround and new business building in Greater China, Southeast Asia, Sub-continents and Middle East.

Ms Grace Hui

Ms Hui has over 20 years of banking and finance experience. From 2013 to early 2022, Ms Hui was with Hong Kong Exchanges and Clearing Limited (HKEX) during which she served as Chief Operating Officer of its Listing Division until early 2020 when she initiated and established HKEX’s green and sustainable finance department and HKEX’s STAGE. Prior to HKEX, Ms Hui was with UBS in various roles including Global Chief Operating Officer of its Legal & Compliance Department.

Ms. Hui is currently an independent non-executive director of a company listed on HKEX.  She is an adjunct professor in the Division of Environment and Sustainability at The Hong Kong University of Science and Technology, a member of the Sustainability Committee of The Hong Kong Institute of Certified Public Accountants and a member of both the Finance Management Committee and the Global Centre for ESG Education and Research Advisory Committee of the Hong Kong Management Association. She is also a qualified lawyer in Hong Kong and in England and Wales.

Mr Herbert Hui

Mr Hui, CFA, has been the Finance Director of MTR Corporation Limited from 2016 to 2023.

Mr Hui has served Morgan Stanley Asia in asset management and HSBC in investment banking. He has also served as Chief Financial Officer of Digital China Holdings and K Wah International Holdings.

Mr Hui is chairman of ICAC Sub-Committee of Standing Committee on Disciplined Services Salaries and Conditions of Service of HKSAR Government. He is also chairman of Human Resources Committee of HKBU Chinese Medicine Hospital Company Limited.

Ms Ashley Khoo

Ms Khoo, CFA, is an asset management and investment banking professional with comprehensive experience in portfolio management, fundamental/quantitative/pre-deal research covering Asian and China markets, multi-asset class investment, and financial advisory. She served as a board member of the CFA Society Hong Kong from 2007 to 2024, a member of the Investor and Financial Education Council’s Financial Education Coordination Committee from 2021 to 2022, a member of the CFA Institute’s Presidents Council Governance Committee from 2019 to 2020, and the President of the CFA Society Hong Kong from 2016 to 2018.

Ms Janet Li

Janet Li, CFA, MAoF, is the Chief Executive Officer of BEA Union Investment. Prior to joining BEA Union Investment, she was the Wealth Business Leader for Asia and a Partner at Mercer where she led the Retirement and Investment business of the firm in the region.  Janet is a Member of the Human Capital Committee of the Financial Services Development Council. She is also an Adjunct Associate Professor of The Faculty of Business and Economics at The University of Hong Kong.

Mr William Mak

Mr Mak was a partner of PwC Hong Kong. He is also a past Chairman of The Association of Chartered Certified Accountants, Hong Kong. He has over 30 years of experience in providing assurance and advisory services in Hong Kong and Mainland China with capital market related activities.

Mr Francis Mok

Mr Mok is currently the Principal Consultant of Francis Mok Consulting, helping clients to establish the best Human capital practices. He worked with a wide range of corporations and companies, transforming HR practices and building leadership pipelines for business sustainability. He is a Past President of the Hong Kong Institute of Human Resources Management (HKIHRM), and a Past President of the Asia Pacific Federation of Human Resource Management (APFHRM).

Prof Zabihollah Rezaee

Prof Rezaee is the Thompson-Hill Chair of Excellence and Professor of Accountancy at the University of Memphis and has served a two-year term on the Standing Advisory Group of the Public Company Accounting Oversight Board (PCAOB). He holds ten certifications including Certified Public Accountant (CPA). He is currently the editor of the Journal of Forensic Accounting Research (JFAR). Professor Rezaee has published over 250 articles and made more than 280 presentations, written 14 books, and served as an expert witness. Prof Rezaee’s teaching, research and service interests are in financial reporting, auditing, corporate governance, business sustainability, forensic accounting and organizational ethics.

Mr Paul Smith

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 as 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.

Mr Richard Tsang

Mr Tsang is the founder and Chairman of Strategic Public Relations Group. His major public-service roles include Deputy Chairman of The Hong Kong Institute of Directors; President of Enterprise Asia; Member of the Steering Committee on Prevention and Control of Non-Communicable Diseases;  Member of Telecommunications Users and Consumers Advisory Committee; Office of the Communications Authority; Member of The Hong Kong Tourism Board; Vice Chairman of Hong Kong Dance Company; Trustee of Ocean Park Conservation Foundation Hong Kong; Council Member of UNICEF Hong Kong; and Member of Board of Trustees of Chung Chi College, The Chinese University of Hong Kong, among others.

Ms Nancy Sau Ling Tse, JP

Ms Tse is currently an Independent Non-Executive Director of Wharf (Holdings) Limited (WHL); DBS Bank (Hong Kong) Limited as well as HSBC Provident Fund Trustee (Hong Kong) Limited (HPFT). She is the Chairperson of the Board of HPFT. She is the former Chief Financial Officer and Director (Finance and Information Technology Services) of the Hong Kong Hospital Authority. She is an Adjunct Professor of the Jockey Club School of Public Health and Primary Care of the Chinese University of Hong Kong. She is a member of the Professional Accountants in Business Advisory Group. She is a Fellow member of the Hong Kong Institute of Certified Public Accountants and a Fellow member for the Hong Kong Institute of Directors.

Mr Stephen Weatherseed

Mr Weatherseed is a Senior Director of Mazars and was the Managing Partner from 2012 to 2020. He is also a Council Member of the Hong Kong Institute of Directors, an Independent Board Member of the English Schools Foundation and the Honorary Treasurer for the Ladies’ Recreation Club. He was previously the Deputy Chairman of the Professional Conduct Committee and a member of the Examinations Board and of the Continuing Professional Education Committee of the Hong Kong Institute of Certified Public Accountants.

Mr Stephen Wong

Mr Wong is a fellow member of the Hong Kong Institute of Certified Public Accountants. He joined RSM Hong Kong in 1988 and was made partner in 1991. He is currently the Managing Partner and the Head of Audit and Assurance Services of RSM Hong Kong. Mr Wong was also a member of the Global Quality Committee of RSM Global from January 2011 to July 2023 which oversees the audit quality of all RSM member firms over the world.

Mr Jackson Woo

Mr Woo is a solicitor in private practice with 30 years of experience and also has 20 years of experience in investment banking. He specializes in commercial and corporate matters involving listed companies, and is currently serving as independent non-executive director of one company listed in Hong Kong.


Mr Woo is the Deputy Tribunal Convenor of the Solicitors’ Disciplinary Tribunal Panel and a Panel Member of the Resolution Compensation Tribunal under the Financial Institutions (Resolution) Ordinance (Cap. 628) of Hong Kong. In addition, he is a member of the Takeovers and Mergers Panel and the Takeovers Appeal Committee of the Securities and Futures Commission of Hong Kong, and is also a member of the Listing Review Committee of The Stock Exchange of Hong Kong Limited.

Prof Wayne Yu

Prof Yu is a professor at the City University of Hong Kong. His teaching and research areas include corporate governance, corporate finance, and capital markets. In addition, he has been serving as a non-executive and independent director for a number of listed companies. He is also a Chartered Financial Analyst.