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The Hong Kong Business Valuation Forum (HKBVF)


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Structure of the Hong Kong Business Valuation Forum

The operation of the HKBVF is undertaken by the HKBVF Council, which consist of representatives from its member institutes. The Council is the executive and governing body of the HKBVF and will essentially represent the member institutes in advising the government, the regulators, the investing public and practitioners on matters relating to business valuations. The Council will also be responsible for promoting best practices, enforcing standards by way of disciplinary investigation and dealing with complaints against Registered Business Valuers registered with the HKBVF. Current members of the Council are:

  • Prof. K.W. CHAU, The Royal Institution of Chartered Surveyors
  • Mr. David FAULKNER, The Royal Institution of Chartered Surveyors
  • Mr. Karl LUNG, President, The Hong Kong Society of Financial Analysts
  • Mr. Richard MAK, Director, The Hong Kong Society of Financial Analysts
  • Mr. Lawrence PANG, The Hong Kong Institute of Surveyors
  • Mr. Kam Hung YU, The Hong Kong Institute of Surveyors

  • Hon. Secretary (non-voting): Mr. Joseph HO, The Hong Kong Institute of Surveyors

The HKBVF also established an Advisory Board to serve as a consulting body to the Council, which consist of mainly independent members to reflect the views from non-valuers. The independent board members should be knowledgeable and ideally comprise a mix of academics, corporates, professionals, and the regulators. As of today, there are 14 members in the Advisory Board, of which 6 are from the member institutes and 8 are independent members. There name and respective background are as follow:

  • Chairman: Mr. Kam Hung YU, The Hong Kong Institute of Surveyors
  • Vice-Chairman: Mr. Karl LUNG, The Hong Kong Society of Financial Analysts
  • Mr. Stephen CHAN, nominated by the Hong Kong Institute of Certified Public Accountants
  • Mr. David EDWARDS, The Royal Institute of Chartered Surveyors
  • Mr. David FAULKNER, The Royal Institute of Chartered Surveyors
  • Prof. Vidhan GOYAL, nominated by The Hong Kong University of Science & Technology
  • Mr. Charles GRIEVE, nominated by The Securities and Futures Commission
  • Mr. Richard MAK, The Hong Kong Society of Financial Analysts
  • Mr. Stanley MOK, nominated by The Hong Kong Institute of Directors
  • Mr. Lawrence PANG, The Hong Kong Institute of Surveyors
  • Dr. Oliver RUI, nominated by The Chinese University of Hong Kong
  • Ms. Sylvia SIU, nominated by The Law Society of Hong Kong
  • Mr. Archie TSIM, nominated by The Hong Kong Exchanges and Clearing Limited
  • Dr. David WONG, nominated by The Hong Kong Institute of Directors

  • Hon. Secretary (non-voting): Mr. Joseph HO, The Hong Kong Institute of Surveyors
Should there be additional member institute(s) in the future, the number of seats will be added and adjusted and it is agreed that the principle of the board structure is to have the majority of the board members being independent of the member institutes.


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