30% Club HK and The Women’s Foundation release video to highlight the lack of gender diversity on Hong Kong Boards
HONG KONG, November 6, 2018 The low number of women on company boards remains a pressing issue in Hong Kong. Along with the 30% Club HK, The Women’s Foundation have been long time advocates for more diverse corporate boards. Echoing Hong Kong Chief Executive Carrie Lam’s strong call on all listed companies to appoint more women on their boards in her annual policy speech last month, we have taken a fresh approach to address the issue - presenting a light-hearted video “Flipping the Script”, available in both Cantonese and English. With this video, we aim to emphasise the fact that women are underrepresented in Hong Kong boardrooms, highlighting the urgent need for greater public awareness around increasing gender diversity on boards.
Please click here for a copy of the full Press Release
The 30% Club Hong Kong launched in March 2013 and is working to bring more women onto Hong Kong corporate boards by:
The 30% Club Hong Kong recognizes that gender diversity is good for the overall effectiveness of the boardroom – and therefore is good for business. Besides benefiting companies, greater board diversity will also benefit Hong Kong. As a global financial centre with an abundant talent pool of highly qualified women, we believe Hong Kong is well positioned to become a leader in board diversity.
Members
Professional Services
Howard Bilton
Chairman
The Sovereign Group
Financial
Alex Boggis
Managing Director
Aberdeen Asset Management
Professional Services
Peter Brien
Senior Partner
Slaughter and May
Regulatory
Laura Cha
Chairperson
HKEX
Conglomerates
Victor Cha
Deputy Chairman
HKR International Limited
Professional Services
Jeanette Chan
Managing Partner - China Practice
Paul, Weiss, Rifkind, Wharton & Garrison
HSI-Property
Ronnie C. Chan
Chairman
Hang Lung Group Limited and Hang Lung Properties Limited
Sanjeev Chatrath
Managing Director - Global Banking and Financial Markets
IBM
HSI-Property
Henry Cheng
Chairman
New World Development and Chow Tai Fook Jewellery Group Limited
HSI-Financial
Raymond Chi’en
Chairman
Hang Seng Bank Limited Limited
Susanna Chiu
Director
Li & Fung Development (China) Ltd
Conglomerates
Yei Ching Chow
Co-Chairman
Chevalier Group
Regulatory
Ada Chung
Registrar of Companies
Government of the Hong Kong SAR
David Cruikshank
Chairman Asia Pacific
BNY Mellon
Professional Services
Justin D'Agostino
Global Head, Dispute Resolution Practice
Herbert Smith Freehills
Financial
Farhan Faruqui
Group Executive, International
ANZ
HSI-Financial
Mark Tucker
Group Chairman
HSBC Holdings plc
Professional Services
Tim Freshwater
Senior Advisor, Hong Kong
Brunswick Group
HSI-Financial
John Flint
Group Chief Executive
HSBC Holdings plc
Professional Services
Marc Harvey
Regional Managing Partner - Asia
Linklaters
Industrials
Mark Hellmann
President & CEO - Asia
Hellmann Worldwide Logistics Ltd
Financial
Ken Hitchner
President, Asia Pacific Ex-Japan
Goldman Sachs
Professional Services
Denise Jong
Partner
Reed Smith
Professional Services
Teresa Ko
China Chairman
Freshfields Bruckhaus Deringer
Conglomerates
Beau Kuok
Deputy Chairman and Managing Director
Kerry Group Limited
Consumables
Simon Kwok
Chairman and CEO
Sa Sa International Holdings Limited
Regulatory
Yuen-han Chan
Chairperson
Women’s Commission
Property
Irene Lee
Chairman
Hysan Development Company Limited
HSI-Property
Martin Ka Shing Lee
Vice Chairman
Henderson Land Development Company Limited
Financial
Warren Lee
Chairman
SHK Hong Kong Industries Limited
Utilities
Richard Li
Chairman and Chief Executive
Pacific Century Group
HSI-Conglomerates
Victor Li
Group Co-Managing Director and Deputy Chairman
Cheung Kong (Holdings) Limited
Professional Services
Elaine Lo
Partner and Head of China Practice
Mayer Brown JSM
Property
KS Lo
Chairman and Managing Director
Great Eagle Holdings Limited
Regulatory
Anthony Neoh
Head of Chamber
Chambers of Anthony Neoh, QC, SC
Professional Services
Tim Payne
Senior Partner, Head of Asia
Brunswick Group
Professional Services
Keith Pogson
Global Banking & Capital Markets Assurance Leader
Ernst & Young
Utilities
John Rice
Vice-Chairman
GE
Professional Services
Martin Rogers
Partner
Davis Polk
Professional Services
Miguel Zaldivar
Regional Chief Executive, Asia Pacific & Middle East
Hogan Lovells
HSI- Conglomerates
Edith Shih
Head Group General Counsel and Company Secretary
CK Hutchison Holdings Limited
Conglomerates
Merlin Swire
Chairman
Swire Pacific Limited
Financial
Maaike Steinebach
CEO Hong Kong & Macau
Visa
Professional Services
Kristi Swartz
Managing Partner
Swartz, Binnersley & Associates.
Financial
May Tan
Director
Link REIT
Utilities
Kevin Taylor
President, Asia, Middle East and Africa
British Telecommunications plc
Regulatory
Carlson Tong
Chairman
Securities & Futures Commission
Utilities
Jean-Pascal Tricoire
Chairman and CEO
Schneider Electric
Financial
Katherine Tsang
Director
Gap Inc.
HSI-Financial
Keng Hooi Ng
Executive Director and Group Chief Executive and President
AIA Group
Financial
Anil Wadhwani
President & Chief Executive Officer
Manulife Financial Asia Limited
Financial
Ben Way
CEO
Macquarie Group Asia
Professional Services
Andrew Weir
Global Head of Building, Construction and Real Estate Practice
KPMG
Industrials
Kelvin Wong
Executive Director and Deputy Managing Director
COSCO Shipping Ports Limited
Regulatory
Anna Wu
Chairperson
Competition Commission
Professional Services
Catherine Zhu
Partner
EgonZehnder Hong Kong
Steering Committee
The 30% Club is run by a Steering Committee that is made up of senior men and women who volunteer their time and skills.
Alice Au
Spencer Stuart
Pru Bennett
BlackRock
Bonnie Chan
Davis Polk
Sanjeev Chatrath
David Eldon
HSBC
Tim Freshwater
Brunswick Group
Nasrine Ghozali
Oasis
Susan Ho
Brunswick Group
Teresa Ko
Freshfields Bruckhaus Deringer
Angelina Kwan
BitMEX
Irene Lee
Hysan
Angela Mackay
Financial Times
Mary McHale
Equinix
Fern Ngai
Community Business
Fiona Nott
The Women's Foundation
Tim Payne
Brunswick Group
Keith Pogson
Ernst & Young
Caroline Raggett
Russell Reynolds Associates
Elspeth Renshaw
Heads! International
Susan Sayers
HSBC
Leonie Valentine
Google Hong Kong
Lihong Wang
Bain Capital
Ginny Wilmerding
Brunswick Group
Catherine Zhu
EgonZehnder Hong Kong
Working groups
The ‘Chairman/Member’ group aims to recruit new 30% Club members and champions from among Hong Kong-listed company Chairmen, Vice Chairmen and CEOs, by identifying and engaging with those who support gender diversity on boards. The group works closely with Hong Kong family-controlled companies as well as private and SOE Chinese corporates.
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The External Advocacy group works closely with other groups to plan signature events of all kinds for the 30% Club Hong Kong, for Women to Watch, and for other stakeholder groups. Signature events include the annual 30% Boardroom Lunch, other symposiums and Chair/CEO level intimate gatherings. The group identifies and invites appropriate participants, sponsors and speakers to the events with a view toward raising the profile of the 30% Club HK’s goals and campaigns in the business community. It also advises and executes on meaningful campaigns to communicate the 30% Club HK’s philosophy and goals, establish the case for board diversity in Hong Kong, celebrate success and progress, and raise the awareness of how Hong Kong is performing relative to other global financial centres.
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The Women’s Foundation
The ‘Investors’ group aims to raise awareness of the importance of board diversity among institutional investors in Asia and to encourage them to advocate for better diversity on the boards of companies in which they hold positions. Institutional investors, particularly their corporate governance specialists, are in a unique position to lobby for change and advance the clear business case for better gender diversity on boards.
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BlackRock
The ‘Pipeline’ group identifies and curates lists of high potential board-ready female candidates in the Hong Kong community; this database numbers over 400 women already. This group, driven by The Women’s Foundation and other key supporters, holds events that make these women feel part of a strong community and encourages 30% Club HK member firms to emphasize the importance of the executive pipeline, allowing women to rise through senior management and into board roles.
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The Women's Foundation
The ‘Regulatory’ group focuses on informal engagement and discussion with Hong Kong’s various regulatory bodies including HKEx and its Listing Committee as well as the Securities and Futures Commission (SFC) to explore the best and most appropriate regulatory interventions and consultations to achieve the proportion of women on boards in Hong Kong. The working group will identify and (where appropriate) lobby for achievable, concrete, incremental progress relating to the oversight of issuers and relevant provisions in the corporate governance code (e.g. when there are public consultations).
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HSBC
‘Research’ provides or arranges to have partner organizations provide baseline research on our 30% Club Hong Kong members and other relevant data that is either helpful to the Steering Group or for wider publicity purposes. The Research group will work closely with the Publicity group to identify newsworthy information and trends in the region.
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Community Business
Events
Previous
JC Hall, The Asia Society Hong Kong Center
TWF's flagship 30% Club Boardroom Lunch brings accomplished and aspiring Women to Watch face-to-face with Board Directors and C-suite members from leading local and international companies, and their advisors for simulated boardroom discussions on key issues facing boards today. This flagship event aims to break down some of the closed circle networks which are often used to fill board appointments, and provide an opportunity for women to showcase their expertise and credentials for board positions in front of senior company representatives.
Each participating company hosts a table at which 4 of their directors, senior executives and/or advisors are present. The remaining 6 seats are allocated by TWF and 30% Club to 5 accomplished Women to Watch and executive search firm representative or 30% Club VIP. Over lunch, in a simulation of boardroom discussions, guests engage in a structured exchange of views on some of the key issues facing boards today.
We are delighted with the line-up of corporate partners who are hosting tables this year. They include our Lead Sponsor, Standard Chartered, our Contributing Sponsors, Goldman Sachs and KPMG, as well as CIBC, Citi, Freshfields, Herbert Smith Freehills, HKEX, HSBC, Hysan, Link, Linklaters, Macquarie, Manulife, Melco, Paul Weiss, PCCW, Slaughter and May, Sovereign Group, Swire. This year, we were also joined by Executive Search Firm Partners, Egon Zenhder, Hedrick & Struggles, Korn Ferry, Meraki, Russel Reynolds and Spencer Stuart - who all had the opportunity to connect with this year’s dynamic Women to Watch!
KPMG, 8/F Prince’s Building, 10 Charter Road, Central, Hong Kong
We are pleased to announce our brand new Boardroom Series for Women Leaders which includes our flagship annual 30% Club Boardroom Lunch. The series is composed of educational workshops and networking events with key Board Directors, Executive Search firms and peers. It offers a more sustained and results-focused programme to help us achieve our collective goal of increasing the number of women on boards.
Our launch of this initiative starts with the "Roundtable Breakfast: From the C-Suite to the Board" which aims to link board-ready and board-aspiring Women to Watch with Executive Search Firms and to have an open dialogue regarding challenges and diversity in HK boardrooms. There will be a panel discussion with Nick Allen (Chairman of Link REIT) focusing on what boards and chairs are looking for in potential board candidates.
Often the challenges involved in the shift from the C-Suite to the Board involves the use of different skills, which we'll highlight in this session. We will dive into where and what to focus on when building board portfolios and how to position yourself to stand out. The groups will break into roundtables led by senior representatives from the search firms to discuss these challenges.
Tianshan & Lushan rooms, Level 5, Island Shangri-la hotel
Although businesses are increasingly recognizing the benefits of diversity and inclusion, the number of women on Asian boards has barely moved the needle in recent years. Yet, companies in the West have made great leaps forward to change the status quo. Why is that? We need to ask ourselves:
Heidrick & Struggles and the 30% club are delighted to invite you to this compelling panel discussion featuring one of the most influential board search consultants in the industry, Bonnie Gwin (Vice Chairman and Co-Managing Partner of the Global CEO & Board Practice of Heidrick & Struggles), as well as Fern Ngai (CEO of Community Business), Fiona Nott (CEO of The Women’s Foundation) and May Tan (Former CEO of Standard Chartered and INED of Link Asset Management). The event will be moderated by Kyoko Altman, Director of HSBC Global Banking and Markets and ex-CNN anchor.
The Hong Kong Club
The Australian Institute of Company Directors, the 30% Club and The Women’s Foundation are delighted to host an exclusive breakfast with Elizabeth Proust, AO FAICD, Chairman, Australian Institute of Company Directors.
Ms. Proust will discuss:
About the Speaker
Elizabeth joined the AICD board in March 2014 and was appointed Chairman in
December 2015. She sits on a number of boards, including as Chairman of Nestlé Australia and the Bank of Melbourne. Elizabeth is a Non-Executive Director of Lendlease, a leading international property and infrastructure group, and a member of the Australian Securities and Investments Commission (ASIC) Directors’ Advisory Panel and the Victoria Police Corporate Advisory Group. In 2010 Elizabeth was made an Officer of the Order of Australia (AO) for distinguished service to public administration and to business, through leadership roles in government and private enterprise, as a mentor to women, and to the community through contributions to arts, charitable and educational bodies.
Previously Elizabeth worked in senior roles at the ANZ Banking Group, in local, State and Federal Government, and in BP Australia and BP International. She has held senior positions in the Victorian Government, including as Secretary (CEO) of the Department of Premier and Cabinet and Secretary of the Attorney-General’s Department. She was also CEO of the City of Melbourne.
JC Hall, The Asia Society Hong Kong Center
Recognising that many boards still largely rely on their own networks to fill board openings, the flagship 30% Club Boardroom Lunch brings accomplished and aspiring women directors face-to-face with board and C-suite members from leading local and international companies and their advisors, for simulated boardroom discussions on key issues facing boards today. This flagship event aims to break down some of the closed circle networks which are often used to fill board appointments, and provide an opportunity for women to showcase their expertise and credentials for board positions in front of senior company representatives.
Each participating company typically hosts a table at which four of their directors, senior executives and/or advisors are present. The remaining six seats are allocated to five accomplished and aspiring women directors and one facilitator. Over lunch, in a simulation of boardroom discussions, guests engage in a structured exchange of views on some of the key issues facing boards today, including risk management, executive compensation, succession planning and social media strategy.
We are delighted with the early line-up of corporate partners who are hosting tables this year. They include our Title Sponsors, KPMG and Standard Chartered, our Associate Sponsor, Paul Weiss, as well as CIBC, HKEX, Macquarie, Slaughter and May, Sovereign Group, Swire, Thomson Reuters, and Yu Ming Investment Management. We look forward to connecting them with this year’s dynamic Women to Watch!
The American Club Hong Kong
The 30% Club Hong Kong and CIBC are delighted to host a breakfast talk featuring special guest Victor G. Dodig, President and Chief Executive Officer of CIBC and Chair of the 30% Club Canada.
Mr Dodig will discuss:
About the Speaker
Victor Dodig was named President and CEO of the CIBC group of companies, one of North America's largest financial services institutions, in September 2014. Under his tenure, Mr Dodig has helped usher in a new era for the bank, positioning CIBC as a strong, innovative, and relationship-oriented financial institution with a Return on Equity among the highest of its peers globally. Mr Dodig brings more than 20 years of extensive business and banking experience, having led CIBC's Wealth Management, Asset Management and Retail Banking businesses. He also led several businesses with UBS and Merrill Lynch in Canada and internationally, and was a management consultant with McKinsey & Company.
A member of CIBC's Board of Directors, Mr Dodig also serves on the board of the C.D. Howe Institute and ROM Board of Governors. He is a vocal advocate for gender diversity in the workplace, and actively supports the advancement of talented women to executive roles and on boards as founding Chair of the 30% Club Canada and as a Catalyst Canada Advisory Board member.
A past recipient of Canada's Top 40 Under 40™ award, Mr Dodig is a graduate of the Harvard Business School where he earned an MBA and was recognized as a Baker scholar. He holds a Diploma from the Institut d'études politiques in Paris and completed his undergraduate studies at the University of Toronto (St. Michael's College) in Commerce. Mr Dodig resides in Toronto with his wife Maureen and their four teenage children.
JC Hall, The Asia Society Hong Kong Center
TWF's flagship 30% Club Annual Boardroom Lunch, brings accomplished and aspiring women directors face to face with board and C-suite members from leading local and international companies and their advisors, for simulated boardroom discussions on key issues facing boards today. This flagship event aims to break down some of the closed circle networks which are often used to fill board appointments, and provide an opportunity for women to showcase their expertise and credentials for board positions in front of senior company representatives.
Each participating company typically hosts a table at which four of their directors, senior executives and/or advisors are present. The remaining six seats are allocated to five accomplished and aspiring women directors and one facilitator. Over lunch, in a simulation of boardroom discussions, guests engage in a structured exchange of views on some of the key issues facing boards today, including risk management, executive compensation, succession planning and social media strategy.
We are delighted with the line-up of corporate partners who are hosting tables this year. They include Alibaba, AIA, Citi, BlackRock, Deacons, Goldman Sachs, HSF, HKEX, Hogan Lovells, HSBC, Li & Fung, Macquarie, MTR, PCCW, Sino Group, Slaughter and May, Swire, and Thomson Reuters, alongside event sponsors Standard Chartered and KPMG. We look forward to connecting them with this year’s dynamic Women to Watch!
Title Sponsors
JC Hall, The Asia Society Hong Kong Center
The 30% Club Hong Kong is delighted to present a special lunch with Henry Kravis, Co-Founder, Co-Chairman and Co-Chief Executive Officer of KKR.
Mr Kravis will speak about:
About the Speaker
Henry Kravis is the Co-Founder, Co-Chairman and Co-Chief Executive Officer of KKR, which this year celebrates its 40th anniversary. He is actively involved in managing the Firm and serves on regional Private Equity Investement and Portfolio Management Committees. Mr Kravis has more than four decades of experience financing, analysing and investing in public and private companies, as well as serving on the boards of a number of KKR portfolio companies.
JC Hall, The Asia Society Hong Kong Center
Recognising that many boards still largely rely on their own networks to fill board openings, the lunch brought our extensive and growing pool of accomplished and aspiring women directors face to face with chairmen, board members and senior management from Hong Kong's leading companies and their key advisors. In a simulation of boardroom discussions, guests engaged over lunch in a structured exchange of views on some of the key issues facing boards today including succession planning, social media strategy and risk management.
Contact
The 30% Club HK: 30percentclub@twfhk.org