For the first time since the study was launched in 2009, one-fifth of Hong Kong boards achieved 20 percent or higher female participation.
Asia is playing catch-up in the race towards greater gender diversity on company boards and in the workplace, though notable progress has been made, with a report out of Hong Kong showing the good and the bad.
Despite growing research on the benefits of a gender diverse boards - including improved company performance, sensitivity to consumer trends, and stronger governance, Asian companies lag international counterparts in placing women in executive positions, according to the to the latest Women on Boards Hong Kong Report released on Wednesday.
The report coincides with International Women`s Day and also offers a bit of hope.
He recognized that boards with a "good mix of nationalities, age groups, gender and cultural backgrounds, as well as skills and experience, can lead to better decision making and improve a company`s bottom line.
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