Board of Directors

Highlights

Good governance starts at the top - the Board of Directors. The Company has a highly proactive Board, whose Directors are diligent in their guidance.The Board assumes responsibility for leadership and control of the Company and is collectively responsible for directing and supervising the Company's affairs.

 

Composition

 

The Board

The Board of Directors currently comprises ten persons, with a balanced composition of four Executive Directors and six Independent Non-Executive Directors, so that a strong independent element is maintained on the Board and can effectively exercise impartial judgment.

The number of Independent Non-Executive Directors exceeds the requirements of Listing Rules. They are all highly qualified figures with a high standing in the community who bring to the Board a wealth of professional and related expertise. The Board has a balance of skills and experience appropriate for the requirements of the Company's business.

Each of our independent non-executive directors is required to sign an annual confirmation of his/her independence as set out in rule 3.13 of the Listing Rules and we consider that they are independent.

Mr. Ronnie Chichung Chan
Mr. Ronnie Chichung Chan Chairman

Mr. Ronnie Chichung Chan

Chairman

Aged 67, Mr. Chan joined the Group in 1972 and was appointed to the Board of Hang Lung Properties Limited in 1986 before becoming Chairman in 1991. He also serves as Chairman of Hang Lung Group Limited. Mr. Chan is Vice-President of The Real Estate Developers Association of Hong Kong, Co-Chair of Asia Society and Chairman of its Hong Kong Center. He is also a former Chairman of the Executive Committee of One Country Two Systems Research Institute, and former Vice President and former Advisor of the China Development Research Foundation in Beijing. Mr. Chan sits on the governing or advisory bodies of several think-tanks and universities, including Peterson Institute for International Economics, The Hong Kong University of Science and Technology, and University of Southern California, USA, where he received his MBA. Mr. Chan is a Fellow of the American Academy of Arts and Sciences. He is the father of Mr. Adriel Chan, an Executive Director of the Company.

(Updated as of September 19, 2017)

Mr. Ronnie Chichung Chan
Mr. Philip Nan Lok Chen
Mr. Philip Nan Lok Chen Chief Executive Officer

Mr. Philip Nan Lok Chen

Chief Executive Officer

Aged 61, Mr. Chen joined the Company and its listed holding company, Hang Lung Group Limited, in 2010. Mr. Chen has more than 30 years of management experience, mostly in the aviation industry, acquiring a wealth of experience in Hong Kong, Mainland China and beyond. Mr. Chen graduated from the University of Hong Kong in 1977 with a Bachelor of Arts degree and holds a Master’s degree in Business Administration from the same university.

(Updated as of July 27, 2017)

Mr. Philip Nan Lok Chen
Mr. Ronald Joseph Arculli
Mr. Ronald Joseph Arculli Independent Non-Executive Director

Mr. Ronald Joseph Arculli GBM, CVO, GBS, OBE, JP

Independent Non-Executive Director

Aged 78, Mr. Arculli joined the Board in 1980. He is a practicing solicitor and was a Member of the Legislative Council of Hong Kong from 1988 to 2000, representing the Real Estate and Construction functional constituency between 1991 and 2000. Mr. Arculli was a Non-Official Member of the Executive Council of the HKSAR from November 2005 to June 2012, and served as Convenor from October 2011 to June 2012. He was the Independent Non-Executive Chairman of Hong Kong Exchanges and Clearing Limited from April 2006 to April 2012, and remained as an Independent Non-Executive Director until his retirement in April 2013. Mr. Arculli has a distinguished record of public service and has served on numerous government committees and advisory bodies. He is a Non-Executive Director of HKR International Limited, Sino Hotels (Holdings) Limited, Sino Land Company Limited, Tsim Sha Tsui Properties Limited, HK Electric Investments Manager Limited (as trustee-manager of HK Electric Investments) and HK Electric Investments Limited (all are listed companies except HK Electric Investments Manager Limited). Mr. Arculli previously acted as a Non-Executive Director of Hutchison Harbour Ring Limited (now known as China Oceanwide Holdings Limited).

(Updated as of July 27, 2017)

Mr. Ronald Joseph Arculli
Mr. Dominic Chiu Fai Ho
Mr. Dominic Chiu Fai Ho Independent Non-Executive Director

Mr. Dominic Chiu Fai Ho

Independent Non-Executive Director

Aged 66, Mr. Ho joined the Board as an Independent Non-Executive Director in April 2008. He retired as co-chairman of KPMG, China and HKSAR in March 2007. Mr. Ho obtained his degrees at the University of Houston in the United States and is a member of the American Institute of Accountants and a member of the Hong Kong Institute of Certified Public Accountants. He is an Independent Non-Executive Director of Singapore Airlines Limited and DBS Bank (Hong Kong) Limited, and the Non-Executive Chairman of DBS Bank (China) Limited. Mr. Ho was a past member of the Corruption Prevention Advisory Committee of the Independent Commission Against Corruption and of the Insurance Advisory Committee, both in Hong Kong, and was a Non-Executive and Independent Director of Singapore Telecommunications Limited.

(Updated as of July 27, 2017)

Mr. Dominic Chiu Fai Ho
Mr. Nelson Wai Leung Yuen
Mr. Nelson Wai Leung Yuen Independent Non-Executive Director

Mr. Nelson Wai Leung Yuen

Independent Non-Executive Director

Aged 66, Mr. Yuen joined Hang Lung in 1978, became an Executive Director of the Company in 1986, and was appointed as Managing Director of the Company and its holding company, Hang Lung Group Limited, in 1992 until he retired in July 2010. He became a Non-Executive Director of the Company in March 2011 and was re-designated as Independent Non-Executive Director in November 2014. Mr. Yuen is a graduate of The University of Manchester, UK and a Fellow of The Institute of Chartered Accountants in England and Wales.

(Updated as of July 27, 2017)

Mr. Nelson Wai Leung Yuen
Dr. Andrew Ka Ching Chan
Dr. Andrew Ka Ching Chan Independent Non-Executive Director

Dr. Andrew Ka Ching Chan BBS, JP

Independent Non-Executive Director

Aged 67, Dr. Chan joined the Board as a Non-Executive Director in October 2014 and was re-designated as Independent Non-Executive Director in December 2015. He is Chairman of Trustees’ Board of the global Arup Group, one of the world’s foremost multi-disciplinary engineering consultants. Previously, Dr. Chan was the Deputy Chairman of Arup Group and retired in October 2014. He is an expert in civil and geotechnical engineering with over 40 years of experience in the engineering profession, and is distinguished for his leadership in the creation, design and delivery of many innovative and award-winning building projects as well as major infrastructure schemes in many cities in Asia. Dr. Chan is a past President and Gold Medallist of The Hong Kong Institution of Engineers, Founding Chairman of the Hong Kong Green Building Council, Honorary Fellow of the Hong Kong University of Science and Technology, Fellow and President of the Hong Kong Academy of Engineering Sciences and Fellow of the Royal Academy of Engineering, UK’s national academy. He obtained his PhD degree from the University of Cambridge in Soil Mechanics. Dr. Chan was appointed Justice of the Peace in 2006 and awarded the Bronze Bauhinia Star in 2012.

(Updated as of July 27, 2017)

Dr. Andrew Ka Ching Chan
Prof. Hsin Kang Chang
Prof. Hsin Kang Chang Independent Non-Executive Director

Prof. Hsin Kang Chang GBS, JP

Independent Non-Executive Director

Aged 77, Prof. Chang joined the Board as an Independent Non-Executive Director in April 2015. He became an Honorary Professor in 2006 and Yeh-Lu Xun Chair Professor from 2008 to 2015 at Peking University, and an Honorary Professor at Tsinghua University in 2007. Prof. Chang was the President and University Professor of City University of Hong Kong from 1996 to 2007. Prior to that, he was Dean of the School of Engineering at the University of Pittsburgh in the US from 1994 to 1996, Founding Dean of the School of Engineering at Hong Kong University of Science and Technology from 1990 to 1994, and Chairman of the Department of Biomedical Engineering at the University of Southern California in the US from 1985 to 1990. Prof. Chang taught at several major universities in North America and served in a number of scholarly societies and public advisory bodies in the US, serving as President of Biomedical Engineering Society of the US in 1988-89. In Hong Kong, he was Chairman of the Cultural and Heritage Commission from 2000 to 2003, a member of the Council of Advisors on Innovation and Technology from 2000 to 2004 and a member of Judicial Officers Recommendation Commission from 1999 to 2005. Prof. Chang is a Foreign Member of the Royal Academy of Engineering of the United Kingdom, Member of International Eurasian Academy of Sciences, Chévalier dans l’Ordre National de la Légion d’Honneur and Commandeur dans l’Ordre des Palmes Académiques of France. He obtained his Bachelor’s degree in civil engineering from National Taiwan University in 1962, Master’s degree in structural engineering from Stanford University in the US in 1964 and Ph.D degree in biomedical engineering from Northwestern University in the US in 1969. Prof. Chang is an Independent Non-Executive Director of Brightoil Petroleum (Holdings) Limited and HKT Trust and HKT Limited. He previously acted as an Independent Non-Executive Director of Hon Kwok Land Investment Company, Limited. Prof. Chang was appointed Justice of the Peace in 1999 and awarded the Gold Bauhinia Star in 2002.

(Updated as of July 27, 2017)

Prof. Hsin Kang Chang
Ms. Anita Yuen Mei Fung
Ms. Anita Yuen Mei Fung Independent Non-Executive Director

Ms. Anita Yuen Mei Fung BBS, JP

Independent Non-Executive Director

Aged 56, Ms. Fung joined the Board as an Independent Non-Executive Director in May 2015. She is former Group General Manager of HSBC Holdings plc and former Chief Executive Officer Hong Kong of The Hongkong and Shanghai Banking Corporation Limited. Ms. Fung has held a number of positions with key financial bodies in Hong Kong and has been actively promoting the development of the financial markets of Hong Kong as well as other regions. She is a former member of the Financial Infrastructure Sub-Committee of the Exchange Fund Advisory Committee of Hong Kong Monetary Authority. Ms. Fung also serves on a number of public bodies and advisory bodies including an Independent Non-Executive Member of the Board of Airport Authority Hong Kong, a Non-Official Member of Hong Kong Housing Authority, Director of The Hong Kong Mortgage Corporation Limited, a Member of the Board of West Kowloon Cultural District Authority and a Member of the Museum Advisory Committee. She is also a Trustee of Asia Society Hong Kong Center and an Honorary Professor of the School of Economics and Finance of the University of Hong Kong, and a former Council Member of The Hong Kong University of Science and Technology. Ms. Fung is an Independent Non-Executive Director of Hong Kong Exchanges and Clearing Limited and China Construction Bank Corporation, and former Non-Executive Director of Bank of Communications Co., Ltd and Hang Seng Bank, Limited. She obtained her Bachelor’s degree in Social Science from The University of Hong Kong and Master’s degree in Applied Finance from Macquarie University, Australia. Ms. Fung was awarded the Bronze Bauhinia Star in 2013 and appointed Justice of the Peace in 2015.

(Updated as of July 27, 2017)

Ms. Anita Yuen Mei Fung
Mr. Hau Cheong Ho
Mr. Hau Cheong Ho Chief Financial Officer

Mr. Hau Cheong Ho

Chief Financial Officer

Aged 57, Mr. Ho joined the Group in 2008. He was appointed to the Board of the Company and of its holding company, Hang Lung Group Limited, in 2010. Mr. Ho possesses over 30 years of management experience covering a wide range of industries in England, Australia, Hong Kong and Mainland China. He qualified as a chartered accountant in England and Wales and Australia and holds an MBA from the University of Melbourne, Australia and a Bachelor of Commerce Degree in Accounting from the University of Birmingham, UK.

(Updated as of July 27, 2017)

Mr. Hau Cheong Ho
Mr. Adriel Wenbwo Chan
Mr. Adriel Wenbwo Chan Executive Director

Mr. Adriel Wenbwo Chan

Executive Director

Aged 35, Mr. Chan joined the Group in 2010. He was appointed to the Board of the Company and of its listed holding company, Hang Lung Group Limited, in 2016. He is now mainly responsible for the Development and Design Department, Project Management Department (including its asset assurance & improvement team) and Cost & Controls Department. Mr. Chan also chairs the Sustainability Steering Committee and Enterprise Risk Management Working Group, among his other responsibilities within the Group. Prior to joining the Group, he worked in finance, auditing, and risk management fields. Mr. Chan holds an Executive Master of Business Administration degree jointly awarded by the Kellogg School of Management at Northwestern University, USA and the Hong Kong University of Science and Technology, and a Bachelor of Arts degree in International Relations from University of Southern California, USA. He is a son of Mr. Ronnie Chan, Chairman of the Group.

(Updated as of July 27, 2017)

Mr. Adriel Wenbwo Chan

The Board has established a policy setting out the approach to achieve diversity on the Board (the “Board Diversity Policy”) with the aims of enhancing Board effectiveness and corporate governance as well as achieving our business objectives and sustainable development.

 

Chairman and Chief Executive Officer

A clear division of responsibilities is delineated between the Chairman and the Chief Executive Officer to ensure a proper balance of power and authority.

 

Chairman

The Chairman, Mr. Ronnie C. Chan, provides leadership for the Board, ensuring that the Board works effectively and discharges its responsibilities.

He is also responsible for ensuring that all key and appropriate issues are discussed by the Board in a timely manner, good corporate practices and procedures are established, appropriate steps are taken to provide effective communication with shareholders, and that the views of shareholders are communicated to the Board as a whole.

At least annually he holds meetings with the Independent Non-Executive Directors without the Executive Directors being present.

 

Chief Executive Officer

The Chief Executive Officer, Mr. Philip N.L. Chen, is responsible for operating the Company's business and implementing policies and strategies adopted by the Board.

He is also in charge of day-to-day management in accordance with instructions issued by the Board, developing strategic operating plans that reflect the objectives and priorities established by the Board and maintaining their operational performance, and ensuring the adequacy of risk management, financial and internal control systems and the conduct of business in conformity with applicable laws and regulations.