Women on Boards Hong Kong 2020: H2
Hong Kong 2020
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 paid mere lip-service to the issue by appointing 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 2 January 2021
Share
13.7 %
Women on HSI boards
Analysis
2 January 2021
Women make up 13.7% of the HSI boards as of the end of 2020. Female representation on HSI Boards has...
Analysis
Percentage of Women on Hang Seng Index (HSI) Boards
2 January 2021
Women make up 13.7% of the HSI boards as of the end of 2020. Female representation on HSI Boards has remained at a similar level over the past two years.
Key Data (Hong Kong)
Summary of Gender Diversity on HSI Boards
Data valid as of 2 January 2021
Share
Companies with at least one female director
- Jan 2021
- Jan 2020
- Jan 2019
- Jan 2018
Companies with multiple female directors
- Jan 2021
- Jan 2020
- Jan 2019
- Jan 2018
Companies with female executive directors
- Jan 2021
- Jan 2020
- Jan 2019
- Jan 2018
Companies with female CEOs
- Jan 2021
- Jan 2020
- Jan 2019
- Jan 2018
Companies with all-male boards
- Jan 2021
- Jan 2020
- Jan 2019
- Jan 2018
Analysis
2 January 2021
There has been no change in the overall female representation of directors, executive directors and...
Analysis
Summary of Gender Diversity on HSI Boards
2 January 2021
There has been no change in the overall female representation of directors, executive directors and CEOs on the HSI Boards. There are in total twelve all-male boards.
Key Data (Hong Kong)
Women on Boards League Table: HSI
Data valid as of 2 January 2021 | Currently 50 constituents on the HSI
Share
Most eventful
New HSI Constituent
Rank
6
(
4)
Bank of China Ltd
中國銀行股份有限公司
26.67%
6
(
4)
Bank of China Ltd
中國銀行股份有限公司
- % Women
- 26.67%
- Board Size
- 15
- No. of Women
- 4
- Stock Code
- 3988
- Chairperson
- Liu, Liange 劉連舸
- Female Directors
- Chen, Chunhua 陳春花;
Chao, Angela A 趙安吉;
Wang, Xiaoya 汪小亞;
Xiao, Lihong 肖立紅
9
(
4)
Hong Kong Exchanges and Clearing Ltd
香港交易及結算所有限公司
23.08%
9
(
4)
Hong Kong Exchanges and Clearing Ltd
香港交易及結算所有限公司
- % Women
- 23.08%
- Board Size
- 13
- No. of Women
- 3
- Stock Code
- 388
- Chairperson
- Cha Shih, Laura May Lung 史美倫
- Female Directors
- Cha Shih, Laura May Lung 史美倫;
Fung, Anita Yuen Mei 馮婉眉;
Chow Woo, Susan Mo Fong 周胡慕芳
10
(
5)
New World Development Company Ltd
新世界發展有限公司
21.43%
10
(
5)
New World Development Company Ltd
新世界發展有限公司
- % Women
- 21.43%
- Board Size
- 14
- No. of Women
- 3
- Stock Code
- 17
- Chairperson
- Cheng, Henry Kar Shun 鄭家純
- Female Directors
- Cheng, Sonia Chi Man 鄭志雯;
Huang, Echo Shaomei 黃少媚;
Chiu, Jenny Wai Han 趙慧嫻
23
(
7)
BOC Hong Kong (Holdings) Ltd (HK)
中銀香港(控股)有限公司
11.11%
23
(
7)
BOC Hong Kong (Holdings) Ltd (HK)
中銀香港(控股)有限公司
- % Women
- 11.11%
- Board Size
- 9
- No. of Women
- 1
- Stock Code
- 2388
- Chairperson
- Liu, Liange 劉連舸
- Female Directors
- Cheng, Eva 鄭汝樺
Top 10
Rank
Company
2020 New
Percent
1
(--)
Hang Seng Bank Ltd
恒生銀行有限公司
41.67%
1
(--)
Hang Seng Bank Ltd
恒生銀行有限公司
- % Women
- 41.67%
- Board Size
- 12
- No. of Women
- 5
- Stock Code
- 11
- Chairperson
- Ch'ien, Raymond Kuo Fung 錢果豐
- Female Directors
- Cheang, Louisa Wai Wan 鄭慧敏;
Chiang, Lai Yuen 蔣麗苑;
Gan, Kathleen Chieh Huey 顏杰慧;
Kwan, Margaret Wing Han 關穎嫺;
Lee, Irene Yun Lien 利蘊蓮
2
(--)
HSBC Holdings plc
滙豐控股有限公司
35.71%
2
(--)
HSBC Holdings plc
滙豐控股有限公司
- % Women
- 35.71%
- Board Size
- 14
- No. of Women
- 5
- Stock Code
- 5
- Chairperson
- Tucker, Mark Edward 杜嘉祺
- Female Directors
- Cha Shih, Laura May Lung 史美倫;
Lee, Irene Yun Lien 利蘊蓮;
Miller, Heidi 苗凱婷;
Murray, Eileen (1958-03-07) 梅愛苓;
Van Der Meer Mohr, Pauline Francoise Marie 梅爾莫
3
(--)
Link Real Estate Investment Trust
領展房地產投資信託基金
33.33%
3
(--)
Link Real Estate Investment Trust
領展房地產投資信託基金
- % Women
- 33.33%
- Board Size
- 12
- No. of Women
- 4
- Stock Code
- 823
- Chairperson
- Allen, Nicholas
- Female Directors
- Tan, May Siew Boi 陳秀梅;
Tan, Poh Lee 陳寶莉;
Tse, Nancy Sau Ling 謝秀玲;
Young, Elaine Carole
4
(
1)
CLP Holdings Ltd
中電控股有限公司
28.57%
4
(
1)
CLP Holdings Ltd
中電控股有限公司
- % Women
- 28.57%
- Board Size
- 14
- No. of Women
- 4
- Stock Code
- 2
- Chairperson
- Kadoorie, Michael David 米高嘉道理
- Female Directors
- Law Fan, Fanny Chiu Fun 羅范椒芬;
Mody, Zia 穆秀霞;
Tan, May Siew Boi 陳秀梅;
Gaw, Christina 吳燕安
4
(
1)
Sino Biopharmaceutical Ltd
中國生物製藥有限公司
28.57%
4
(
1)
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 謝其潤
- Female Directors
- Cheng, Cheung Ling 鄭翔玲;
Li, Mingqin 李名沁;
Lu, Hong 魯紅;
Tse, Theresa Y Y 謝其潤
6
(
4)
Bank of China Ltd
中國銀行股份有限公司
26.67%
6
(
4)
Bank of China Ltd
中國銀行股份有限公司
- % Women
- 26.67%
- Board Size
- 15
- No. of Women
- 4
- Stock Code
- 3988
- Chairperson
- Liu, Liange 劉連舸
- Female Directors
- Chen, Chunhua 陳春花;
Chao, Angela A 趙安吉;
Wang, Xiaoya 汪小亞;
Xiao, Lihong 肖立紅
7
(
2)
MTR Corporation Ltd
香港鐵路有限公司
25.00%
7
(
2)
MTR Corporation Ltd
香港鐵路有限公司
- % Women
- 25.00%
- Board Size
- 20
- No. of Women
- 5
- Stock Code
- 66
- Chairperson
- Auyeung, Rex Pak Kuen 歐陽伯權
- Female Directors
- Chan Yuen, Dorothy Tak Fai 陳阮德徽;
Law, Rosanna Shuk Pui 羅淑佩;
Chan, Pamela Wong Shui 陳黃穗;
Lee, Rose Wai Mun 李慧敏;
Li Li, Lucia Ka Lai 李李嘉麗
8
(
1)
CK Infrastructure Holdings LTD (BM)
長江基建集團有限公司
23.53%
8
(
1)
CK Infrastructure Holdings LTD (BM)
長江基建集團有限公司
- % Women
- 23.53%
- Board Size
- 17
- No. of Women
- 4
- Stock Code
- 1038
- Chairperson
- Li, Victor Tzar Kuoi 李澤鉅
- Female Directors
- Chen, Tsien Hua 陳建華;
Kwok Lee, Eva 郭李綺華;
Lee Wong, Angelina Pui Ling 李王佩玲;
Sng, Sow Mei 孫潘秀美
9
(
4)
Hong Kong Exchanges and Clearing Ltd
香港交易及結算所有限公司
23.08%
9
(
4)
Hong Kong Exchanges and Clearing Ltd
香港交易及結算所有限公司
- % Women
- 23.08%
- Board Size
- 13
- No. of Women
- 3
- Stock Code
- 388
- Chairperson
- Cha Shih, Laura May Lung 史美倫
- Female Directors
- Cha Shih, Laura May Lung 史美倫;
Fung, Anita Yuen Mei 馮婉眉;
Chow Woo, Susan Mo Fong 周胡慕芳
10
(
5)
New World Development Company Ltd
新世界發展有限公司
21.43%
10
(
5)
New World Development Company Ltd
新世界發展有限公司
- % Women
- 21.43%
- Board Size
- 14
- No. of Women
- 3
- Stock Code
- 17
- Chairperson
- Cheng, Henry Kar Shun 鄭家純
- Female Directors
- Cheng, Sonia Chi Man 鄭志雯;
Huang, Echo Shaomei 黃少媚;
Chiu, Jenny Wai Han 趙慧嫻
Analysis
2 January 2021
Slight changes in the rankings are observed. Among the top ten companies, Bank of China advanced four...
Analysis
Women on Boards League Table: HSI
2 January 2021
Slight changes in the rankings are observed. Among the top ten companies, Bank of China advanced four spots to claim sixth place, while Hong Kong Exchanges and Clearing and New World Development slid four and five spots respectively. On the other hand, BOC Hong Kong climbed seven spots to the 30th place.
12
Companies with all-male boards
5
Companies which have never had female directors
Companies which do not have female directors
Companies which have never had female directors
Company
Industry
China Mobile Ltd (HK) 中國移動有限公司
Commerce & Industry
China Petroleum & Chemical Corporation 中國石油化工股份有限公司
Commerce & Industry
China Resources Land Ltd 華潤置地有限公司
Properties
China Shenhua Energy Company Ltd 中國神華能源股份有限公司
Utilities
CSPC Pharmaceutical Group Ltd 石藥集團有限公司
Commerce & Industry
Mengniu Dairy Company Ltd 中國蒙牛乳業有限公司
Commerce & Industry
Power Assets Holdings Ltd 電能實業有限公司
Utilities
Sino Land Company Ltd 信和置業有限公司
Properties
Sunny Optical Technology (Group) Company Ltd 舜宇光學科技(集團)有限公司
Commerce & Industry
Techtronic Industries Company Ltd 創科實業
Commerce & Industry
The Hong Kong and China Gas Company Ltd 香港中華煤氣有限公司
Utilities
WH Group Ltd (KY) 萬洲國際有限公司
Commerce & Industry
Analysis
2 January 2021
The number of companies with all-male boards has remained unchanged in the past six months. There has...
Analysis
All-Male Boards
2 January 2021
The number of companies with all-male boards has remained unchanged in the past six months. There has also been no change to the number of companies which have never had a female board member.
Analysis
2 January 2021
15.2% of the new appointments have been made to women in the past six months. Looking at 2020 as a...
Analysis
New Appointments by Gender
2 January 2021
15.2% of the new appointments have been made to women in the past six months. Looking at 2020 as a whole, 12 out of 93 new appointments have been made to women, making up 12.9% of the total.
First time director on HSI board
First time appointed corporate director in Hong Kong
-
Chen, Chunhua 陳春花
Appt: 20 Jul 2020INED, Bank of China Ltd 中國銀行股份有限公司 -
Yu, Yang 于洋
Appt: 25 Aug 2020NED, CITIC LTD 中國中信股份有限公司 -
-
-
Li, Xiaohui 李曉慧
Appt: 18 Nov 2020INED, Bank of Communications Co Ltd 交通銀行股份有限公司
Analysis
2 January 2021
There are five new female directors at five companies respectively in the past six months, namely...
Analysis
New Female Director Appointments
2 January 2021
There are five new female directors at five companies respectively in the past six months, namely Christina Gaw at CLP Holdings, Law Shuk Pui Rosanna at MTR Corporation, Yu Yang at CITIC and Chen Chunhua at Bank of China and Li Xiaohui at Bank of Communications.
Norway
Mar 2020
United Kingdom
Jun 2020
Australia
Dec 2020
Canada
Jul 2020
United States
May 2020
Malaysia
End 2019
New Zealand
Mar 2020
Singapore
Dec 2019
India
Mar 2020
Hong Kong
Jan 2021
Japan
Jul 2019
Analysis
2 January 2021
As of the end of 2020, many key economies have made steady progress in gender diversity on boards. The...
Analysis
Progress by Geography
2 January 2021
As of the end of 2020, many key economies have made steady progress in gender diversity on boards. The representation of women has increased by 2.1% to 34.5% in the United Kingdom, by 1.3% to 31.5% in Canada, by 2% to 28% in the United States, by 1.5% to 32.4% in Australia and by 1.7% to 30.1% in New Zealand.
Analytical Summary
2020 ended on a disappointing note, even when it comes to gender diversity on Hang Seng Index (HSI). Compared to the previous year, there has been barely any progress.
2 January 2021
Highlights and lowlights include:
• Women make up 13.7% of the board seats on HSI – a percentage that has remained stagnant for more than two years.
• Twelve out of 50 boards are all-male boards, making up 24% of the total. This compares to 20% in the previous year.
• 11.8% of the new appointments were made to women, up from 6.8% a year earlier.
Among the developments, the good news is that more new appointments have been made to women in the past year. Notably, Hang Seng Bank has announced its decision to appoint independent director Irene Lee Yun as its chairman, to be effective in the second quarter.
While this positive development may offer a glimmer of hope, Hong Kong is by no means on par with other advanced economies. It is especially alarming that the city currently lags behind the rest of Asia except Japan.
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 13.7% of the board seats on HSI – a percentage that has remained stagnant for more than two years.
• Twelve out of 50 boards are all-male boards, making up 24% of the total. This compares to 20% in the previous year.
• 11.8% of the new appointments were made to women, up from 6.8% a year earlier.
Among the developments, the good news is that more new appointments have been made to women in the past year. Notably, Hang Seng Bank has announced its decision to appoint independent director Irene Lee Yun as its chairman, to be effective in the second quarter.
While this positive development may offer a glimmer of hope, Hong Kong is by no means on par with other advanced economies. It is especially alarming that the city currently lags behind the rest of Asia except Japan.
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.