Press Release

Housing Society Announces the Newly Elected Supervisory Board

The Hong Kong Housing Society (HKHS) convened the 71^st Annual General Meeting (AGM) today (25 September), at which members of the new-term Supervisory Board were elected.  Following the AGM, the Supervisory Board held its first meeting and members of the new-term Executive Committee were appointed.

As a not-for-profit organisation governed by Members, HKHS adopts a two-tier board governance structure comprising a Supervisory Board and an Executive Committee.  The Supervisory Board determines the mission, vision, core values and guiding principles of HKHS, and oversees nomination, appointment and audit functions.  The Executive Committee sets business strategies and policies to achieve the mission and objectives, and monitors the performance of the Management. 

Members of the Supervisory Board and the Executive Committee are drawn from HKHS Members and the term of office is normally three years.  At each AGM, at least one-third of the existing members of the Supervisory Board and the Executive Committee (excluding the ex officio members and the Chief Executive Officer and Executive Director of HKHS) shall retire from office to maintain a balance between continuity and the intake of new blood with new ideas, and ensure that the governance team is equipped with the expertise and experience required.