With the onset of the pandemic in 2020, companies delayed leadership transitions, appointing CEOs with proven track records and deprioritizing diversity of experience and backgrounds. The report compared CEO appointments made after March 11, 2020, when the World Health Organization declared COVID-19 a global pandemic, to those appointed from January 2019 to March 10, 2020. “Companies undertaking such an important appointment over the past year have been putting more importance on previous CEO experience and also looking externally for their next CEO,” he added. However, in terms of female leaders at the top, Hong Kong with only 2 percent of female CEOs is behind APAC counterparts such as Australia, Singapore and the global average of five percent. Only 6 percent of Hong Kong CEOs have a cross-industry experience, the lowest globally.

Source: The Standard November 23, 2020 11:26 UTC