Corporate
Governance

Established for 75 years, the Housing Society has been run by Members coming from all walks of life with the mission to serve the needs of the Hong Kong community in housing and related services. Over time, the mission remains but our role has evolved to become much more complex, engaging in multiple initiatives with the Government as well as on its own.

To cope with the changing environment and to fulfil our evolving role, we have adopted a new governance structure at the end of year 2000 with the creation of a Supervisory Board and an Executive Committee. This new structure is referenced upon the best practices in corporate governance while retaining the uniqueness of the Housing Society as an independent Organisation governed by Members.

The Supervisory Board, with a maximum of 25 members, is responsible for the formulation of the Housing Society's mission and guiding principles. The 12-member Executive Committee establishes policies to ensure that corporate strategies are consistent with the corporate mission and guiding principles and oversees the performance of the Management which is led by an Executive Director. An Audit Committee and a Nominating Committee are in place to support the Supervisory Board in respective areas while a Finance Committee and a Human Resources Committee assist the Executive Committee in reviewing the financial position and setting the compensation policies.

Members of the Supervisory Board and Committees contribute to the Housing Society on a voluntary basis. Through the concerted efforts of Members, the Management and all staff, the Housing Society has grown into a more open, accountable and efficient organisation to serve the needs of the people of Hong Kong and improve housing for society.

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