Fortune announces China’s top 50 boards of directors

閱讀中文版本

Fortune China, in conjunction with professional services provider Aon, announced the Mainland’s top 50 boards of directors for 2019. The list includes 28 companies from last year’s list as well as 22 entrants. The announcement was made in Shanghai on 27 August.

Among the key takeaways from the list was that China’s top 50 boards of directors included 42% independent directors – an increase of 2%  from 20108 – while the proportion of top boards with female directors increased by 12%.

More companies have also starting introducing foreign directors (up 2% year-on-year) to strengthen boards’ ability to cope with global risks.

The slowdown in global economic growth, the ongoing China-US trade stoush and geopolitical instability have created a business environment that poses greater risks to Chinese enterprises this year, especially those with a global exposure.

“To deal with a challenging economic environment, the board of directors must make sure that their organisations have the ability to recognise and respond to evolving risks proactively, thereby reducing volatility and improving performance,” said Peter Zhang, CEO of Aon Consulting, China, when explaining the judging criteria.

“In addition, they should provide strategic direction, set stretch-goals for executives, and ensure their people strategies are well-positioned to support growth in a globalised business landscape.”

China’s top 50 boards of directors 2019 (in no particular order)