SHANGHAI, CHINA - Media
OutReach - August 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 selection--considering 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
|
About Aon
Aon
plc (NYSE:AON) is a leading global professional services firm providing a broad
range of risk, retirement and health solutions. Our 50,000 colleagues in 120
countries empower results for clients by using proprietary data and analytics
to deliver insights that reduce volatility and improve performance.
For
further information on our capabilities and to learn how we empower results for
clients, please visit https://www.aonhewitt.com.cn