Dr. Clement Chen, GBS, JP, Chairman of the Council and the Court of HKBU and Executive Director of Tai Hing Cotton Mill Limited, was re-appointed by the HKSAR Government as the non-executive Director of the Insurance Authority, while Ir Dr. Derrick Yat Bond Pang, JP, Deputy Chairman of Chun Wo Development Holdings Limited, Director of the HKBU Foundation, was newly appointed as the non-executive Director of the Authority. The appointments took effect from 28 December 2021 to 27 December 2024 for a term of three years.