YED Sharing Seminar Session:

Risk Management and Corporate Governance in Hong Kong Banking Sector

Risk Management For Young Entrepreneurs

What comes to your mind when you see 11, 17,12 and 28? Will you associate them with the Shanghai - Hong Kong Connect Program, which was launched on November 17? Will you think of MTR West Island Line, which will open on December 28? This is the question asked by Mr. Stephen Chan, YED's keynote speaker in sharing session on December 11.

Following last session on culture and entrepreneurship, this lecture, Risk Management and Corporate Governance in Hong Kong Banking Sector, equipped students with useful knowledge and helped them get further prepared to start their own business.

In this seminar, YED invited Mr. Stephen Chan, Director of Trinity-C Management Ltd, and Mr. Ricky Lam, Chairman of Publication and PR Committee of Institute of Financial Accountant in Hong Kong. As experts in accounting and consulting, they shared useful knowledge and personal experience with students. As Mr. Stephen Chan pointed out, fundamental accounting concepts are very important even for non-accounting profession students. First, he mentioned that risk could be both negative and positive, which showed the importance of risk management. Hethen talked about four steps to manage risk, namely identify, assess, manage and control. He emphasized the importance of organization structure in a company and introduced risk management model, compliance and audit.

Using a concrete example of HSBC and comparing banking withother industries, he explained to students how a company could manage its risk well. While organization framework is important, Mr. Stephen Chan believed that software such as professionals and culture should not be overlooked. He used personal examples to illustrate core values including integrity, ethics and so on.

At the end of the speech, he suggested young entrepreneurs improving both internal controls and team quality. Students were deeply impressed by speaker's in-depth knowledge and wide experience. In the following Q&A session, Mr. Stephen Chan answered students' questions on how to manage risk in Africa context and how to balance reward and risk.

Then the time for students' sharing on their career experience came. Keisha, a postgraduate student from America, shared with us her determination to improve education and start her own business. She has attended every YED seminar, trying to absorb knowledge and mingle with different people.

As Issac, the chairman of YED, put it, we may not be able to do really big things, but we can think big. Indeed, many ambassadors are faced with great risk in their project, but supported by YED and other friends, they can be more confident in their aspiration.

This seminar is not only a chance to learn but also a platform for knowledge exchange. Everyone enjoyed the cozy atmosphere and spent a fruitful evening in YED. Welcome!