The URA is open, transparent and publicly accountable in its operations. The Authority is governed by the URA Board, members of which are appointed by the SAR Chief Executive. The URA Board comprises a Chairman, a Managing Director, two Executive Directors, not less than seven non-executive directors and four other non-executive directors who are public officers.
Members of the URA Board are required to declare interests and a register of the declared interests is made available for public inspection. Besides, the URA is required to submit an annual report with audited financial statements and auditor's report to the Financial Secretary who shall arrange to table it in the Legislative Council.
The URA Chairman, Managing Director and Executive Directors are required to attend meetings of the committees and subcommittees of the Legislative Council to answer questions raised by the Council members.