Board & Committees

Organizational Structure

Board of the Urban Renewal Fund (URF)

Professor Steven Ngai Sek-yum has been appointed as the Chairman of the Board of the URF in August 2017. Other directors of the Board have been drawn from a wide cross-section of the community and are experienced in the legal, accountancy, business, architecture, planning, surveying and social welfare fields.

The full membership list of the URF Board is as follows:

Chairman Professor Steven Ngai Sek-yum
Directors Dr Au King Lun, MH
Professor Ching May-bo
Professor Rebecca Chiu Lai-har, MH, JP
Mr Ivan Fu Chin-shing, JP
Mr Wilson Fung Ying-wai
Mr Dennis Ho Chiu-ping
Ms Serena Lau Sze-wan, JP
Ms Lilian Law Suk-kwan, MH, JP
Professor Albert Lee
Dr Lawrence Poon Wing-cheung, JP
Ir Wai Chi Sing, GBS, JP
Mr Adrian Wong, BBS, MH, JP
Mr Yeung Ming-tai
Mr Ricky Yu Wai-yip

The Board will enable the URF to make good use of the Fund to support a people-first, district-based and public participatory approach in urban renewal. The Board will develop and review the application frameworks for the various programmes under the selection of applications, as well as monitor and assess the performance of the successful applications.

Membership of the Audit Committee

Chairperson Mr Wilson Fung Ying-wai
Members Dr Au King-lun, MH
Mr Dennis Ho Chiu-ping
Mr Adrian Wong Koon-man, BBS, MH, JP
Terms of Reference
  • To endorse for the Board’s approval new appointment, removal and re-appointment of external auditors;
  • To review and discuss with external auditors the scope of their audit and any salient matters arising from the audit;
  • To review and endorse for the Board’s approval significant accounting policies;
  • To review and endorse for the Board’s approval the audited annual financial statements including the external auditors’ report;
  • To receive and consider reports as and when necessary on effectiveness of the financial reporting system, internal control systems, risk management procedures and processes as well as compliance with applicable laws, regulations and internal policies; and
  • To conduct or oversee any ad hoc projects referred to the Committee by the Board.

URF Secretariat

Address The URF Secretariat
Unit 1012, 10/F, Tower 2, Cheung Sha Wan Plaza, 833 Cheung Sha Wan Road, Kowloon
Tel 3752 2723
Fax 3426 4643
Email urfund@urfund.org.hk
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