Non-executive directors of the SFC consist of?

• A. Leaders from legal, accounting and securities industry
• B. Government officials
• C. Academics
• D. Bankers

Answer: (A)

The main idea is that the SFC uses non-executive directors who bring external expertise from three essential areas: law, accounting, and the securities industry. Having leaders from legal, accounting, and market practice roles gives the board seasoned perspectives on regulatory interpretation and enforcement, financial reporting and governance, and how the securities market actually operates. This combination supports robust oversight and independent judgment in shaping regulatory policy and ensuring fair, transparent markets. Other backgrounds like government officials or academics don’t provide the same balanced mix of legal/regulatory insight plus practical market expertise, so they’re not the intended composition for these directors.