New World Development Leads Hong Kong’s Gains in Board Diversity
- Chiu rose to executive director from human resources staffer
- Hong Kong blue chips gained six female directors last quarter
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Hong Kong property developer New World Development Co. added three women to its board of directors in the fourth quarter, doubling the number of women at its highest level of governance and notching the biggest gain for gender diversity in among the city’s blue chips.
With 17 members, including seven from the Cheng family, which controls New World and jewelry conglomerate Chow Tai Fook, New World’s board is among the biggest among Hong Kong’s listed companies. And with 35% of seats held by women, the firm’s gender balance is better than twice the average for the city’s listed company boardrooms.