2022 Women on Boards Q1
Hong Kong 2022
In recent years, we have seen a small minority of enlightened Hong Kong listed companies take concrete actions to rectify their gender-homogeneous board makeup. The majority have resisted or appointed a token woman, before returning to business as usual and a candidate pool taken from ‘the old boys club’.
Key Data (Hong Kong)
Percentage of Women on Hang Seng Index (HSI) Boards
Data valid as of 1 April 2022
Share
15.7 %
Women on HSI boards
Analysis
1 April 2022
Women account for 15.7% of HSI board members as of April 2022. This represents an increase from 14.3% in...
Analysis
Percentage of Women on Hang Seng Index (HSI) Boards
1 April 2022
Women account for 15.7% of HSI board members as of April 2022. This represents an increase from 14.3% in July 2021.
Companies with at least one female director
- Apr 2022
- Jul 2021
- Jan 2021
- Jan 2020
Companies with multiple female directors
- Apr 2022
- Jul 2021
- Jan 2021
- Jan 2020
Companies with female executive directors
- Apr 2022
- Jul 2021
- Jan 2021
- Jan 2020
Companies with female CEOs
- Apr 2022
- Jul 2021
- Jan 2021
- Jan 2020
Companies with all-male boards
- Apr 2022
- Jul 2021
- Jan 2021
- Jan 2020
Analysis
1 April 2022
Progress in gender diversity on HSI boards can be observed across various indicators. Compared to July...
Analysis
Summary of Gender Diversity on HSI Boards
1 April 2022
Progress in gender diversity on HSI boards can be observed across various indicators. Compared to July 2021, the number of companies with one female director has increased from 39 to 55, increasing by 5.3%. Companies with multiple female directors have also increased from 21 to 30, an increase of 3.5%.
Key Data (Hong Kong)
Women on Boards League Table: HSI
Data valid as of 1 April 2022 | Currently 66 constituents on the HSI
Share
Most eventful
New HSI Constituent
Rank
1
(--)
Hang Seng Bank Ltd 恒生銀行有限公司
50%
1
(--)
Hang Seng Bank Ltd 恒生銀行有限公司
- % Women
- 50%
- Board Size
- 12
- No. of Women
- 6
- Stock Code
- 11
- Chairperson
- Lee, Irene Yun Lien
- Female Directors
- Cesar, Diana Ferreira 施穎茵;
Chiang, Lai Yuen 蔣麗苑;
Chung, Cordelia (LSHK:1985-03) 鍾郝儀;
Gan, Kathleen Chieh Huey 顏杰慧;
Lee, Irene Yun Lien 利蘊蓮;
Wang, Xiao Bin (1968-01) 王小彬
4
(--)
HAIDILAO INTERNATIONAL HOLDING LTD. 海底撈國際控股有限公司
33.33%
4
(--)
HAIDILAO INTERNATIONAL HOLDING LTD. 海底撈國際控股有限公司
- % Women
- 33.33%
- Board Size
- 15
- No. of Women
- 5
- Stock Code
- 6862
- Chairperson
- Yang, Lijuan (1978-09) 楊利娟
- Female Directors
- Gao, Jie (1980) 高潔;
Liu, Linyi 劉林毅;
Song, Qing (1981) 宋青;
Yang, Hua (1983) 楊華;
Yang, Lijuan (1978-09) 楊利娟
12
(
20)
Geely Automobile Holdings Ltd. 吉利汽車控股有限公司
23.08%
12
(
20)
Geely Automobile Holdings Ltd. 吉利汽車控股有限公司
- % Women
- 23.08%
- Board Size
- 13
- No. of Women
- 3
- Stock Code
- 175
- Chairperson
- Li, Shu Fu
- Female Directors
- Gao, Jie (1975) 高劼;
Lam, Jocelyn Yin Shan 林燕珊;
Wei, Mei 魏梅
52
(
2)
China Resources Land Ltd. 華潤置地有限公司
6.67%
52
(
2)
China Resources Land Ltd. 華潤置地有限公司
- % Women
- 6.67%
- Board Size
- 15
- No. of Women
- 1
- Stock Code
- 1109
- Chairperson
- Wang, Xiangming
- Female Directors
- Cheng, Hong (CR Land) (1966) 程紅
Top 10
Rank
Company
Rank
Percent
1
(--)
Hang Seng Bank Ltd 恒生銀行有限公司
50%
1
(--)
Hang Seng Bank Ltd 恒生銀行有限公司
- % Women
- 50%
- Board Size
- 12
- No. of Women
- 6
- Stock Code
- 11
- Chairperson
- Lee, Irene Yun Lien
- Female Directors
- Cesar, Diana Ferreira 施穎茵;
Chiang, Lai Yuen 蔣麗苑;
Chung, Cordelia (LSHK:1985-03) 鍾郝儀;
Gan, Kathleen Chieh Huey 顏杰慧;
Lee, Irene Yun Lien 利蘊蓮;
Wang, Xiao Bin (1968-01) 王小彬
2
(--)
Budweiser Brewing Company APAC Limited 百威亞太控股有限公司
42.86%
2
(--)
Budweiser Brewing Company APAC Limited 百威亞太控股有限公司
- % Women
- 42.86%
- Board Size
- 7
- No. of Women
- 3
- Stock Code
- 1876
- Chairperson
- Craps, Jan Eli B; Doukeris, Michel Dimitrios
- Female Directors
- Barrett Beimdiek, Katherine;
Tsang, Katherine King Suen;
Yang, Marjorie Mun Tak
3
(
3)
HSBC Holdings plc
38.46%
3
(
3)
HSBC Holdings plc
- % Women
- 38.46%
- Board Size
- 13
- No. of Women
- 5
- Stock Code
- 5
- Chairperson
- Tucker, Mark Edward
- Female Directors
- Duan, Rachel 段小纓;
Fairbairn, Carolyn Julie 范貝恩;
Lee, Irene Yun Lien 利蘊蓮;
Murray, Eileen (1958-03-07) 梅愛苓;
Van Der Meer Mohr, Pauline Francoise Marie 梅爾莫
4
(--)
HAIDILAO INTERNATIONAL HOLDING LTD. 海底撈國際控股有限公司
33.33%
4
(--)
HAIDILAO INTERNATIONAL HOLDING LTD. 海底撈國際控股有限公司
- % Women
- 33.33%
- Board Size
- 15
- No. of Women
- 5
- Stock Code
- 6862
- Chairperson
- Yang, Lijuan (1978-09) 楊利娟
- Female Directors
- Gao, Jie (1980) 高潔;
Liu, Linyi 劉林毅;
Song, Qing (1981) 宋青;
Yang, Hua (1983) 楊華;
Yang, Lijuan (1978-09) 楊利娟
5
(
1)
CLP Holdings Ltd 中電控股有限公司
30.77%
5
(
1)
CLP Holdings Ltd 中電控股有限公司
- % Women
- 30.77%
- Board Size
- 13
- No. of Women
- 4
- Stock Code
- 2
- Chairperson
- Kadoorie, Michael David
- Female Directors
- Gaw, Christina 吳燕安;
Law Fan, Fanny Chiu Fun 羅范椒芬;
Mody, Zia 穆秀霞;
Tan, May Siew Boi 陳秀梅
5
(
3)
Hong Kong Exchanges and Clearing Ltd. 香港交易及結算所有限公司
30.77%
5
(
3)
Hong Kong Exchanges and Clearing Ltd. 香港交易及結算所有限公司
- % Women
- 30.77%
- Board Size
- 13
- No. of Women
- 4
- Stock Code
- 388
- Chairperson
- Cha Shih, Laura May Lung
- Female Directors
- Cha Shih, Laura May Lung 史美倫;
Cheung, Anna Ming Ming 張明明;
Chow Woo, Susan Mo Fong 周胡慕芳;
Leung, Nisa Bernice Wing Yu 梁穎宇
7
(
3)
Sino Biopharmaceutical Ltd. 中國生物製藥有限公司
28.57%
7
(
3)
Sino Biopharmaceutical Ltd. 中國生物製藥有限公司
- % Women
- 28.57%
- Board Size
- 14
- No. of Women
- 4
- Stock Code
- 1177
- Chairperson
- Tse, Theresa Y Y
- Female Directors
- Cheng, Cheung Ling 鄭翔玲;
Li, Mingqin 李名沁;
Tse, Theresa 謝其潤
7
(--)
Bank of China Ltd. 中國銀行股份有限公司
28.57%
7
(--)
Bank of China Ltd. 中國銀行股份有限公司
- % Women
- 28.57%
- Board Size
- 14
- No. of Women
- 4
- Stock Code
- 3988
- Chairperson
- Liu, Liange
- Female Directors
- Chao, Angela A 趙安吉;
Chen, Chunhua (1964) 陳春花;
Wang, Xiaoya 汪小亞;
Xiao, Lihong 肖立紅
9
(
1)
CK Hutchison Holdings Ltd. 長江和記實業有限公司
27.78%
9
(
1)
CK Hutchison Holdings Ltd. 長江和記實業有限公司
- % Women
- 27.78%
- Board Size
- 18
- No. of Women
- 5
- Stock Code
- 1
- Chairperson
- Li, Victor Tzar Kuoi
- Female Directors
- Chow Woo, Susan Mo Fong 周胡慕芳;
Lee, Rose Wai Mun 李慧敏;
Leung Lau, Sophie Yau Fun 梁劉柔芬;
Shih, Edith 施熙德;
Wong, Rosanna Yick Ming 譚王䓪鳴
10
(
8)
Link Real Estate Investment Trust 領展房地產投資信託基金
25%
10
(
8)
Link Real Estate Investment Trust 領展房地產投資信託基金
- % Women
- 25%
- Board Size
- 12
- No. of Women
- 3
- Stock Code
- 823
- Chairperson
- Allen, Nicholas
- Female Directors
- Gu, Jenny 顧佳琳;
Tan, Poh Lee 陳寶莉;
Tse, Nancy 謝秀玲
Analysis
1 April 2022
Several changes in the rankings are observed. Notably, Link Real Estate Investment Trust dropped eight...
Analysis
Women on Boards League Table: HSI
1 April 2022
Several changes in the rankings are observed. Notably, Link Real Estate Investment Trust dropped eight spots to claim tenth place, whereas HSBC Holdings plcjumped three places to third place.
11
Companies with all-male boards
8
Companies which have never had female directors
Companies which do not have female directors
Companies which have never had female directors
Company
Industry
HONG KONG AND CHINA GAS COMPANY LIMITED 香港中華煤氣有限公司
Utilities
JD.com, Inc. 京東集團股份有限公司
E-Commerce
Meituan 美團
Consumer Services
Sunny Optical Technology (Group) Company Limited 舜宇光學科技(集團)有限公司
Optical Products
WH Group Limited (KY) 萬洲國際有限公司
Food
Xiaomi Corporation 小米集團
Consumer Electronics & Computer Hardware
XINYI GLASS HOLDINGS LIMITED 信義玻璃控股有限公司
Manufacturing and Sales
XINYI SOLAR HOLDINGS LIMITED 信義光能控股有限公司
Utilities
BYD COMPANY LIMITED 比亞迪股份有限公司
Automotive
China Mobile Limited (HK) 中國移動有限公司
Telecommunications
CSPC PHARMACEUTICAL GROUP LIMITED 石藥集團有限公司
Pharmaceuticals
Analysis
1 April 2022
The number of companies with all-male boards has declined from 22.0% to 16.7%, comprising eleven...
Analysis
All-Male Boards
1 April 2022
The number of companies with all-male boards has declined from 22.0% to 16.7%, comprising eleven companies as of April 2022. It is also worth noting that among the companies with all-male boards, two are new Hang Seng Index constituents.
Analysis
1 April 2022
There have been 65 new appointments since July 2021, this consisted of 21 new females, making up 32.3%...
Analysis
New Appointments by Gender
1 April 2022
There have been 65 new appointments since July 2021, this consisted of 21 new females, making up 32.3% of total new appointments, a slight decline of 0.1% since July 2021.
First time director on HSI board
First time appointed corporate director in Hong Kong
-
Fung, Anita Yuen Mei 馮婉眉
Appt: 3 Mar 2022BOC HONG KONG (HOLDINGS) LIMITED (HK) 中銀香港(控股)有限公司 -
Wang, Yan (1978) 王燕
Appt: 12 Jan 2021CHINA MENGNIU DAIRY COMPANY LIMITED 中國蒙牛乳業有限公司 -
Zhang, Kaiyu (CR) 張開宇
Appt: 5 Nov 2021China Resources Beer (Holdings) Company Limited 華潤啤酒(控股)有限公司 -
Cheng, Hong (CR Land) (1966) 程紅
Appt: 10 Aug 2021CHINA RESOURCES LAND LIMITED 華潤置地有限公司 -
Li, Yuzhuo 李玉焯
Appt: 28 Feb 2022CHINA UNICOM (HONG KONG) LIMITED 中國聯合網絡通信(香港)股份有限公司 -
Leung Lau, Sophie Yau Fun 梁劉柔芬
Appt: 28 Dec 2021CK Hutchison Holdings Limited 長江和記實業有限公司 -
Wu, Xiaojing (1968) 吳曉菁
Appt: 20 Dec 2021ENN Energy Holdings Limited 新奧能源控股有限公司 -
Gao, Jie (1975) 高劼
Appt: 11 Jan 2021GEELY AUTOMOBILE HOLDINGS LIMITED 吉利汽車控股有限公司 -
Lam, Jocelyn Yin Shan 林燕珊
Appt: 11 Jan 2021GEELY AUTOMOBILE HOLDINGS LIMITED 吉利汽車控股有限公司 -
Liu, Linyi 劉林毅
Appt: 24 August 2021HAIDILAO INTERNATIONAL HOLDING LTD. 海底撈國際控股有限公司 -
Song, Qing (1981) 宋青
Appt: 24 August 2021HAIDILAO INTERNATIONAL HOLDING LTD. 海底撈國際控股有限公司 -
Yang, Hua (1983) 楊華
Appt: 24 August 2021HAIDILAO INTERNATIONAL HOLDING LTD. 海底撈國際控股有限公司 -
Yang, Lijuan (1978-09) 楊利娟
Appt: 3 Jan 2022HAIDILAO INTERNATIONAL HOLDING LTD. 海底撈國際控股有限公司 -
Cesar, Diana Ferreira 施穎茵
Appt: 9 Jan 2021HANG SENG BANK, LIMITED 恒生銀行有限公司 -
Chung, Cordelia (LSHK:1985-03) 鍾郝儀
Appt: 23 Feb 2022HANG SENG BANK, LIMITED 恒生銀行有限公司 -
Wang, Xiao Bin (1968-01) 王小彬
Appt: 23 Feb 2022HANG SENG BANK, LIMITED 恒生銀行有限公司 -
Duan, Rachel 段小纓
Appt: 9 Jan 2021HSBC HOLDINGS PLC -
Fairbairn, Carolyn Julie 范貝恩
Appt: 9 Jan 2021HSBC HOLDINGS PLC -
Chen, Yifang (1964-10) 陳怡芳
Appt: 23 Aug 2021Industrial and Commercial Bank of China Limited 中國工商銀行股份有限公司 -
Jenny Gu 顧佳琳
Appt: 8 Jan 2021Link Real Estate Investment Trust 領展房地產投資信託基金 -
Kracht, Caroline Christina
Appt: 3 Jul 2022TECHTRONIC INDUSTRIES COMPANY LIMITED 創科實業有限公司
Analysis
1 April 2022
There were 21 new female directors at 14 companies in the past nine months. CHINA RESOURCES LAND LIMITED...
Analysis
New Female Director Appointments
1 April 2022
There were 21 new female directors at 14 companies in the past nine months. CHINA RESOURCES LAND LIMITED 華潤置地有限公司 appointed Hong Cheng (1966) 程紅 their first-ever female appointment.
Norway
Mar 2022
United Kingdom
Feb 2022
Australia
Nov 2021
Canada
Jul 2021
United States
May 2021
Malaysia
Mar 2021
New Zealand
Mar 2021
Singapore
Jan 2022
India
Mar 2020
Hong Kong
Apr 2022
Japan
Jul 2019
Analysis
1 April 2022
As of 1 April 2022, many key economies have made steady progress in gender diversity on boards. These...
Analysis
Progress by Geography
1 April 2022
As of 1 April 2022, many key economies have made steady progress in gender diversity on boards. These include Australia, Canada, Norway, Singapore, United Kingdom and New Zealand.
Analytical Summary
The first half of 2022 has seen slight progress in the representation of women on Hang Seng Index. Among the 66 HSI Constituents, 16 are new to this reporting period, which may in part explain the shift in numbers.
The first quarter of 2022 has seen limited progress in the representation of women in Hang Seng Index. Among the 66 HSI Constituents, 16 are new to this reporting period, which may in part explain the shift in numbers.
Highlights and lowlights include:
- Women make up 15.7% of the board seats on HSI – representing an increase compared to 14.3% in July of last year.
- There have been 65 new appointments since July 2021, consisting of 32.3% female appointments, a minor decline of 0.1% since July 2021.
- Eleven out of 66 boards are all male, making up 16.7% of the total. This compares to 22% in the previous year.
While this marginally positive development may offer a glimmer of hope, Hong Kong is by no means on par with other advanced economies. Most of the economies studied record a steady increase of at least 1% year-on-year, compared to the 6% increase recorded in HSI following two years of stagnation. It is especially alarming that Hong Kong currently lags behind the rest of Asia, with the exception of Japan. Community Business supports the 30% Club’s aspirational target of 25% female representation on boards of listed companies by 2025, and 30% within six years which should be then mandated by quotas if these targets are not met. To speed up progress in Hong Kong, imposing a mandated quota could be the way forward. Admittedly, this measure is no panacea as it may undermine meritocratic appointments. But as we continue to see stagnation despite years of advocacy, a stronger push might just be what the city needs.
Highlights and lowlights include:
- Women make up 15.7% of the board seats on HSI – representing an increase compared to 14.3% in July of last year.
- There have been 65 new appointments since July 2021, consisting of 32.3% female appointments, a minor decline of 0.1% since July 2021.
- Eleven out of 66 boards are all male, making up 16.7% of the total. This compares to 22% in the previous year.
While this marginally positive development may offer a glimmer of hope, Hong Kong is by no means on par with other advanced economies. Most of the economies studied record a steady increase of at least 1% year-on-year, compared to the 6% increase recorded in HSI following two years of stagnation. It is especially alarming that Hong Kong currently lags behind the rest of Asia, with the exception of Japan. Community Business supports the 30% Club’s aspirational target of 25% female representation on boards of listed companies by 2025, and 30% within six years which should be then mandated by quotas if these targets are not met. To speed up progress in Hong Kong, imposing a mandated quota could be the way forward. Admittedly, this measure is no panacea as it may undermine meritocratic appointments. But as we continue to see stagnation despite years of advocacy, a stronger push might just be what the city needs.