Thomson Reuters supports the 30% Club in Hong Kong
Last month, the 30% Club launched in Hong Kong and Thomson Reuters was there to support their efforts. We have had a long relationship with The Womens Foundation, who decided to bring the initiative, which started in London, to Hong Kong. Like the London the 30% Club, the group brings together chairmen and business leaders who are committed to increasing the representation of women on Hong Kong corporate boards. The 30% Club was officially launched at an invitation-only event at the Asia Society, where the Chief Executive of Hong Kong, C.Y. Leung, gave a keynote address on women on boards, and more generally, the contribution of women in business to the Hong Kong economy.
The Club’s establishment follows quickly on the heels of Hong Kong Exchanges and Clearing’s decision last December to require all listed companies to report on their board diversity policy from September 2013, following a market consultation in the autumn of 2012. The 30% Club is not a call for a quota; rather, the 30% Club supports sustainable business-led voluntary change to improve the current gender balance on Hong Kong boards. Members are asked to lend their name to the 30% Club and publicly support having more women on boards, support initiatives to build the pipeline of women for executive and non-executive roles, and assist in recruiting and spreading the word to other chairmen and key influencers.
Given our diversity agenda and the importance and focus from the very top of our organization, it was an excellent to be able to show our support for the 30% Club as media partners. Our goal is to create a globally diverse workforce comprised of the most talented professionals to provide the innovative solutions our customers expect from us. Partnering with The Women’s Foundation, as well as other organizations, helps us connect with our customers and the community. We also know it makes business sense to get diversity right. We know companies with diversity across their senior leadership have better organizational and financial performance. Hiring and nurturing a more diverse workforce ensures that there is greater variety of ideas and perspectives to help develop innovative solutions and solve problems in different ways. The 30% Club promotes these principles and aims not only to drive women at board level, but also the pipeline of executives.