'Leave of absence' for Lily Chiang
The first woman to lead the Hong Kong General Chamber of Commerce in its 147-year history has stepped aside after becoming embroiled in an ICAC investigation into stock option fraud.
High-profile businesswoman Lily Chiang Lai-lei has agreed to take 'leave of absence'.
The chamber announced last night it had accepted Chiang's request. Her duties would be temporarily taken up by the deputy chairman, Andrew Brandler, CLP Holdings chief executive, with immediate effect until further notice. The chamber said it would continue to function normally to serve its members and the public as usual.
With the chamber's annual general meeting taking place in May and Chiang's case unlikely to be resolved by then, Mr Brandler is later expected to be named chairman.
'I think this case will take up a lot of my personal time,' Chiang told the South China Morning Post last night.
