Motor and Marine Guarantee Fund

The Board of Directors

Members

  • Mr. Chan Sau San, Chairman
  • Ms. Lei Ho Ian
  • Mr. Vong Lap Fong
  • Mr. Vong Sin Man
  • Ms. Lau Hang Kun

Authorities

  1. To take charge of the direction and coordination of FGAM activities;
  2. To represent the FGAM in and out of court to withdraw, compromise or avow in any disputes and engage in arbitration;
  3. To collect income of the FGAM and authorise payment of expenses incurred by the FGAM;
  4. To approve the budget of the FGAM and its related revision, and submit the budget to the Chief Executive for ratification;
  5. To prepare the management report and accounts and submit them to the Chief Executive for ratification;
  6. To submit according to the law the management accounts to the Commission of Audit for audit purpose;
  7. To manage assets, by exercising general or special powers, particularly being able to acquire or dispose of assets, lease or take on lease of assets, and accept any lien or charge on those assets;
  8. To supervise all activities of the FGAM;
  9. To pass resolutions on all matters of interest to the FGAM that are not excluded by law from its power.


The Supervisory Board

Members

  • Mr. Leonel Alberto Alves, Chairman
  • Ms. Lam Bun Jong
  • Mr. Cheang Chi Keong

Authorities

  1. To monitor the operation of the FGAM and supervise the observance of applicable laws and regulations;
  2. To examine accounting records and watch over the execution of the budget, and obtain the information required for the monitoring of the management;
  3. To examine and check books, records and documents as well as any kind of valuables whenever it deems necessary or appropriate;
  4. To express opinions on any matters delivered to it by the FGAM Board of Directors;
  5. To issue its opinions on the management report and accounts of the FGAM;
  6. To compile and submit to the supervisory authority an annual report on its activity;
  7. To perform other specific tasks, not incompatible with its statutory functions and related to the FGAM, under the request by the supervisory authority.


The Advisory Board

Members

  • Mr. Chan Sau San, Chairman
  • Ms. Lei Ho Ian
  • Mr. Vong Lap Fong
  • Mr. Vong Sin Man
  • Ms. Lau Hang Kun
  • Mr. Cheung Ming Fai Ivan
  • Mr. Vong Pak Vai

Authorities

  1. To express opinions on the draft budget of the FGAM and management accounts;
  2. To express opinions on the payment of compensation for damage and the appointment of legal representative;
  3. To monitor the activity of the FGAM, and correspondingly make suggestions and recommendations that are considered necessary.

Last revision: 2019-08-26 12:09:12