The Investor's Guide to Asia

The Investor's Guide to China: Engaging with companies in China (#15)

Aug 11, 2022
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ANECDOTE

Dairy Maker Board Diversity

  • Fidelity engaged with a large Chinese dairy maker about gender diversity on its board, which lacked female representation.
  • After Fidelity voted against directors on the nomination committee, the company added its first female director.
INSIGHT

Gender Diversity in China

  • Fidelity's report on gender diversity in corporate China revealed increasing female representation over the past decade.
  • However, there's still significant room for improvement as few companies have concrete gender policies.
ADVICE

Engaging with SOEs

  • When engaging with state-owned enterprises (SOEs) in China, engage with the parent company as well as the listed arm.
  • This provides a complete picture as parent companies often have their own decarbonization plans.
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