Russell Reynolds Associates: Being a Better Board - Why and How Western Corporate Boards Need to Appoint China Experts
Russell Reynolds Associates dives into what it takes to build a "better board" and the increase in demand for board members with experience in working with China.
The need for board members with experience in working with China is overwhelming when looking at statistics:
- 7 of the companies on the S&P 500 index currently have a director of chinese or Taiwanese descent
- 8 of the companies FTS E350
- and only 5 of the ASX All ordinaries
- Overall, just 100 Chinese individuals are serving as directors in publicly-traded companies in North America, Europe, or Australia.
This article analyzes how China's unique business environment demands specific director expertise.