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

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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 elementssuch 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


Company Name

Tencent Holdings LtdInternet ServiceJiangsu Yanghe Brewery Joint-Stock Co., Ltd.Food and Beverage
Country Garden Holdings Co. LtdReal-estateHengan International Group Company LimitedPaper, Printing and Packaging
Alibaba Group Holding LtdInternet ServiceLuxi Chemical Group Co., Ltd.Chemical
Kweichow Moutai Co., Ltd.Food and BeverageChina Vanke Co., Ltd.Real-estate
Geely Automobile Holdings LimitedAutomobileChina Merchants Bank Co., Ltd.Banking
Logan Property Holdings Company LimitedReal-estateHunan Valin Steel Co., Ltd.Metal
Shaanxi Coal Industry Company LimitedCoalGuangdong Haid Group Co., LimitedAgriculture, Forestry and Animal Husbandry
Dali Foods Group Company LimitedFood and BeverageWuliangye Yibin Co., LtdFood and Beverage
Wanhua Chemical Group Co., Ltd.ChemicalXinjiang Ba Yi Iron & Steel Co., Ltd.Metal
Hangzhou Hikvision Digital Technology Co., Ltd.Electronic Devices and ComponentsChina Huarong Asset Management Co., LtdDiversified Investment and Finance
China Evergrande GroupReal-estateBeijing Orient Landscape & Environment Co., Ltd.Infrastructure and Construction
Sunny Optical Technology (Group) Company LimitedMachinery and Equipment ManufacturingMidea Group Co., Ltd.Household Appliance
Fangda Special Steel Technology Co., Ltd.MetalLiuzhou Iron & Steel Co., Ltd.Metal
NetEase, Inc.Internet ServiceMMG LimitedMetal
Zhejiang Dahua Technology Co., Ltd.Electronic Devices and ComponentsZhejiang Communications Technology Co., Ltd.Infrastructure and Construction
Longfor Group Holdings LimitedReal-estateFosun International LimitedDiversified Investment and Finance
Sansteel Minguang Co., Ltd. FujianMetalMaanshan Iron & Steel Company LimitedMetal
Shenzhou International Group Holdings Ltd.Textile and GarmentS.F. Holding Co., Ltd.Transportation, Logistics and Warehousing
Longi Green Energy Technology Co., Ltd.Machinery and Equipment ManufacturingInner Mongolia Yili Industrial Group Co., Ltd.Food and Beverage
Yuzhou Properties Co. Ltd.Real-estateXinyu Iron & Steel Co.,Ltd.Metal
China State Construction Engineering Corporation LimitedInfrastructure and ConstructionChina International Travel Service Corporation LimitedTourism and Hotel
Ping An Insurance (Group) Company of China, Ltd.InsuranceNARI Technology Co., Ltd.Machinery and Equipment Manufacturing
Baoshan Iron & Steel Co., Ltd.MetalShandong Sun Paper Industry Joint Stock Co., Ltd.Paper, Printing and Packaging
China Oriental Group Co. Ltd.MetalSino Biopharmaceutical LimitedPharmaceutical
China Southern Airlines Company LimitedTransportation, Logistics and WarehousingWeichai Power Co., Ltd.Automobile


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