Distribution of INEDs per HK-listed company

This table summarises the number of INED seats on the boards of companies with a current primary listing on either the Main Board or Growth Enterprises Market (GEM) of the Stock Exchange of Hong Kong Ltd. In the case of mainland-incorporated issuers, we do not include Supervisors. We exclude directors who are not subject to re-election in shareholder meetings. To see a complete list of listed companies and the number of INEDs of each, click here.

Number of INEDs	Number of Cos	Total INED seats	Cumulative companies	Cumulative seats
13	1	13	1	13
12	1	12	2	25
9	2	18	4	43
8	2	16	6	59
7	8	56	14	115
6	35	210	49	325
5	102	510	151	835
4	333	1332	484	2167
3	1047	3141	1531	5308
2	15	30	1546	5338
1	4	4	1550	5342
0	3	0	1553	5342

The minimum number of INEDs required by the HK Listng Rules is 3. In addition, INEDs must constitute at least one third of the board by 31-Dec-2012. However, most companies have fewer than 10 directors, so the new requirement won't be a problem for them. The average number of INEDs per listed company is currently: 3.44.

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