Council
Our people
The composition of the Council is governed by the Professional Accountants Ordinance. The Council consists of 14 elected, two ex-officio, four appointed and a maximum of two co-opted members. The 14 elected Council members are made up of six certified public accountants who are in full time practice as certified public accountants (practising) (denoted by the letter “P” below); six certified public accountants who are not in full time practice as certified public accountants (practising), who may or may not hold a practising certificate (denoted by the letter “N” below); as well as two certified public accountants of whom either one or both can be of category P or category N as mentioned above. All members are non-executive and non-compensated.
Elected Council members serve for two-year terms beginning after the annual general meeting (AGM) in every December. The ex-officio members serve while holding their official capacity. Government-appointed lay members serve for two-year terms from the appointment date. Co-opted members serve from after the Council meeting when they are appointed, usually early in the membership year, until the next AGM.
Roles and responsibilities
The Council serves as the governing body of the Institute, makes decisions on the overall strategy, policy and direction, as well as handling matters stipulated in the Professional Accountants Ordinance. It provides guidance on the Institute’s governance and operations with the assistance of oversight boards and relevant committees. The Council conducts its business through regular meetings. Abridged minutes of these meetings are available for members to read on the members' area.
