 Ms Adaline Zheng, CEO, UOB Hong Kong, and Ms Marietta Li, Director, UOB Art Academy, unveil the return of the UOB Art in Ink Festival.)
Media-OutReach Newswire
PM attends inauguration of upgraded statue of President Hồ Chí Minh in Santo Domingo
1.
SHANGHAI, CHINA - MediaOutReach - August 23, 2018- Aon plc (NYSE: AON), aleading global professional services firm providing a broad range of risk,retirement, and health solutions, and FORTUNE China, the global businessnews leader,have named top 50 boards of directors in China for 2018.
Peter Zhang, CEO, Aon Consulting, China
Aonand FORTUNE Chinaselected outstanding boards of directors from China's 500 largest listedcompanies using a comprehensive methodology based on data sourced from annualreports, websites of exchanges and companies, and company announcements. Companies were rankedbased on metrics including Return on Equity (ROE), growthachieved,proportion of independent directors, and track record of board members. Diversitywas also a key factor in the selection--considering elements such asrepresentation of female directors, industry experts, members of majorinstitutes, government representatives, academics and senior executives on theboards.
Thisranking is the first of its kind in China, aiming to showcase the value ofefficient governance models to drive business performance. Each company was selectedfrom the largest listed companies on the FORTUNE China 500, that have been on amajor stock exchange such as NASDAQ, China's A Share, HK Share, or the SingaporeStock Exchange for at least one year.
Aon's 2018 Top 50 Boards of Directors-China have 40% independentdirectors--more than the medianof 36% among other FORTUNE China 500companies. This is also higher than stipulations from China Securities RegulatoryCommission and the Hong Kong Stock Exchange that require no fewer than one inthree Board members to be independent directors. Nevertheless, the proportion of independent directors of Chinesecompanies is still lower than that of many western countries--with independentdirectors of US S&P 500 companies accounting for about 85% of the board.
Further, two companies featuring in Aon's 2018 Top 50Boards of Directors-China--Dali Foods and Dahua-- have women making up 38% oftheir Boards. This is the highest ratio among the Top 50.
PeterZhang, CEO of Aon Consulting, China, said: "As Chinese companies look toglobalise and gain market share in the NewNormal, they must transform their people practices to inspire a changingworkforce. We must start from the top by having leadership teams that fuelcollaboration, regular reflection and course correction driving businessperformance. Top boards provide oversight and advice that help organisationsmaximise their potential while protecting shareholders' interests."
MaiwenZhang, Executive Chief Editor of FORTUNE China, said: "Boards of directorshaving diverse set of knowledge and skills are key to high-quality decisionmaking. They can play a key role in helping companies accelerate innovation,navigate emerging risks and win investors' trust."
Aon's 2018 Top 50 Boards ofDirectors-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 |
About Aon
Aonplc (NYSE:AON) is a leading global professional services firm providing a broadrange of risk, retirement and health solutions. Our 50,000 colleagues in 120countries empower results for clients by using proprietary data and analyticsto deliver insights that reduce volatility and improve performance.
Forfurther information on our capabilities and to learn how we empower results forclients, please visit https://www.aonhewitt.com.cn
