Bonnie Chan reveals HK's All-male Board Firms falling by Half

As per the 1^st woman leading Hong Kong Exchanges and Clearing (HKEX) ‘Bonnie Chan Yiting’, in order to end the single-gender boards, Hong Kong has made tremendous progress with the number of all-male boards companies falling by 50% since a new rule was introduced 2 years ago.

Bonnie said, “We were the first global exchange to announce the ending of single gender boards on a mandatory basis.” By the end of this year, all the Hong Kong stock exchange companies will have to comply with the rule. She reveals that the compliance rate has significantly improved after the declaration of this rule, calculating the number of companies listed in Hong Kong stock exchange having all-male board members has decreased to from 800 in 2022 to 400 in 2024. Currently, there is only 17% of the Hong Kong-listed companies doesn’t hold any females on board in comparison with 40% when the exchange introduced the rule.

Bonnie stated, “We are doing it not because I am the first female CEO [of the HKEX], but because it makes sense. Diversity, whether it’s gender diversity or any other type of diversity, brings more ideas, more perspectives into boardroom discussions. We are constantly looking to improve.”