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According to Community Business’ online league table, which ranks all Hang Seng Index (HSI) constituent companies on their representation of female board directors, Hang Seng Bank outpaced the rest of the 49 companies with 38.5% of its women on its board.
Sino Biopharmaceutical (36.4%), HSBC (35.7%), Link Real Estate Investment Trust (33.3%) and China Shenhua Energy Company (30.0%) came in next.
On a broader spectrum, Community Business revealed the representation of women on the boards of Hong Kong’s companies increased by 0.1% in the past year, while the number of female directors decreased by two to 85 out of a total of 611 directorships.
Nevertheless, the percentage of female executive directors has reached a record-high at 38.0%. Currently, there are 25 female executive directors out of a total of 215 executive directors on HSI boards. The number of female chairpersons has also increased from one to three.
Comparing Hong Kong to nearby countries, Malaysia, Singapore and India, the regional counterparts paint a much more promising picture, although that could be helped by mandatory quotas. Over the past 12 months, India and Singapore have outpaced Hong Kong.