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Fortune announces China’s top 50 boards of directors

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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)

Company Industry
Tencent Holdings Internet
Country Garden Holdings Real estate
Sunny Optical Technology (Group) Machinery and equipment
Hangzhou Hikvision Digital Technology Electronics
Logan Property Holdings Real estate
China International Travel Service Corporation Tourism and hotel
TAL Education Group Media and culture
AAC Technologies Holdings Electronics
Geely Automobile Holdings Auto parts
NetEase Internet
Shenzhou International Group Holdings Textile and garment
Dali Foods Group Company Food and beverage
China Evergrande Group Real estate
Ping An Insurance (Group) Insurance
Ronshine China Holdings Real estate
China State Construction Engineering Corporation Infrastructure
Wanhua Chemical Group Chemical
China Gas Holdings Energy
Longfor Group Holdings Real estate
Alibaba Group Holding Internet
ANTA Sports Products Textile and garment
Industrial and Commercial Bank of China Banking
Shaanxi Coal Industry Company Coal mining
China Aoyuan Group Real estate
Jiangsu Yanghe Brewery Joint-Stock Co Food and beverage
Hunan Valin Steel Metal
Guangdong Haid Group Agriculture
Bank of Ningbo Banking
Luxi Chemical Group Chemical
China Shenhua Energy Coal mining
China Merchants Bank Banking
Baoshan Iron & Steel Metal
China Oriental Group Metal
Zhejiang Dahua Technology Electronics
Times China Holdings Real estate
China Enterprise Real estate
ENN Energy Holdings Energy
Fangda Special Steel Technology Metal
Foshan Haitian Flavouring and Food Company Food and beverage
Liuzhou Iron & Steel Metal
CIFI Holdings (Group) Real estate
Hengli Petrochemical Chemical
KINGOLD JEWELRY Manufacturing
Gree Electric Appliances of Zhuhai Household appliance
Sunac China Holdings Real estate
Hengtong Optic-Electric Machinery and equipment
Anhui Conch Cement Company Construction materials
China Yangtze Power Energy
NARI Technology Machinery and equipment
China Railway Signal & Communication Corporation Telecommunication

 

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