Aon and FORTUNE China announce China’s Top Boards of Directors for 2018

SHANGHAI, CHINA Media OutReachAugust 23, 2018 – Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement, and health solutions, and FORTUNE China, the global business news leader, have named top 50 boards of directors in China for 2018.



Peter Zhang, CEO, Aon Consulting, China

 

Aon and FORTUNE China selected outstanding boards of directors from China’s 500 largest listed companies using a comprehensive methodology based on data sourced from annual reports, websites of exchanges and companies, and company announcements. Companies were ranked based on metrics including Return on Equity (ROE), growth achieved, proportion of independent directors, and track record of board members. Diversity was also a key factor in the selectionconsidering elements such as representation of female directors, industry experts, members of major institutes, government representatives, academics and senior executives on the boards.

 

This ranking is the first of its kind in China, aiming to showcase the value of efficient governance models to drive business performance. Each company was selected from the largest listed companies on the FORTUNE China 500, that have been on a major stock exchange such as NASDAQ, China’s A Share, HK Share, or the Singapore Stock Exchange for at least one year.

 

Aon’s 2018 Top 50 Boards of Directors-China have 40% independent directors–more than the median of 36% among other FORTUNE China 500 companies. This is also higher than stipulations from China Securities Regulatory Commission and the Hong Kong Stock Exchange that require no fewer than one in three Board members to be independent directors. Nevertheless, the proportion of independent directors of Chinese companies is still lower than that of many western countries–with independent directors of US S&P 500 companies accounting for about 85% of the board.

 

Further, two companies featuring in Aon’s 2018 Top 50 Boards of Directors-China–Dali Foods and Dahua– have women making up 38% of their Boards. This is the highest ratio among the Top 50.

 

Peter Zhang, CEO of Aon Consulting, China, said: “As Chinese companies look to globalise and gain market share in the New Normal, they must transform their people practices to inspire a changing workforce. We must start from the top by having leadership teams that fuel collaboration, regular reflection and course correction driving business performance. Top boards provide oversight and advice that help organisations maximise their potential while protecting shareholders’ interests.”

 

Maiwen Zhang, Executive Chief Editor of FORTUNE China, said: “Boards of directors having diverse set of knowledge and skills are key to high-quality decision making. They can play a key role in helping companies accelerate innovation, navigate emerging risks and win investors’ trust.”

 

Aon’s 2018 Top 50 Boards of Directors-China:

 

Company Name

Industry

Company Name

Industry

Tencent Holdings Ltd

Internet Service

Jiangsu Yanghe Brewery Joint-Stock Co., Ltd.

Food and Beverage

Country Garden Holdings Co. Ltd

Real-estate

Hengan International Group Company Limited

Paper, Printing and Packaging

Alibaba Group Holding Ltd

Internet Service

Luxi Chemical Group Co., Ltd.

Chemical

Kweichow Moutai Co., Ltd.

Food and Beverage

China Vanke Co., Ltd.

Real-estate

Geely Automobile Holdings Limited

Automobile

China Merchants Bank Co., Ltd.

Banking

Logan Property Holdings Company Limited

Real-estate

Hunan Valin Steel Co., Ltd.

Metal

Shaanxi Coal Industry Company Limited

Coal

Guangdong Haid Group Co., Limited

Agriculture, Forestry and Animal Husbandry

Dali Foods Group Company Limited

Food and Beverage

Wuliangye Yibin Co., Ltd

Food and Beverage

Wanhua Chemical Group Co., Ltd.

Chemical

Xinjiang Ba Yi Iron & Steel Co., Ltd.

Metal

Hangzhou Hikvision Digital Technology Co., Ltd.

Electronic Devices and Components

China Huarong Asset Management Co., Ltd

Diversified Investment and Finance

China Evergrande Group

Real-estate

Beijing Orient Landscape & Environment Co., Ltd.

Infrastructure and Construction

Sunny Optical Technology (Group) Company Limited

Machinery and Equipment Manufacturing

Midea Group Co., Ltd.

Household Appliance

Fangda Special Steel Technology Co., Ltd.

Metal

Liuzhou Iron & Steel Co., Ltd.

Metal

NetEase, Inc.

Internet Service

MMG Limited

Metal

Zhejiang Dahua Technology Co., Ltd.

Electronic Devices and Components

Zhejiang Communications Technology Co., Ltd.

Infrastructure and Construction

Longfor Group Holdings Limited

Real-estate

Fosun International Limited

Diversified Investment and Finance

Sansteel Minguang Co., Ltd. Fujian

Metal

Maanshan Iron & Steel Company Limited

Metal

Shenzhou International Group Holdings Ltd.

Textile and Garment

S.F. Holding Co., Ltd.

Transportation, Logistics and Warehousing

Longi Green Energy Technology Co., Ltd.

Machinery and Equipment Manufacturing

Inner Mongolia Yili Industrial Group Co., Ltd.

Food and Beverage

Yuzhou Properties Co. Ltd.

Real-estate

Xinyu Iron & Steel Co.,Ltd.

Metal

China State Construction Engineering Corporation Limited

Infrastructure and Construction

China International Travel Service Corporation Limited

Tourism and Hotel

Ping An Insurance (Group) Company of China, Ltd.

Insurance

NARI Technology Co., Ltd.

Machinery and Equipment Manufacturing

Baoshan Iron & Steel Co., Ltd.

Metal

Shandong Sun Paper Industry Joint Stock Co., Ltd.

Paper, Printing and Packaging

China Oriental Group Co. Ltd.

Metal

Sino Biopharmaceutical Limited

Pharmaceutical

China Southern Airlines Company Limited

Transportation, Logistics and Warehousing

Weichai Power Co., Ltd.

Automobile

 

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