JPM's Wu on HK's Board Independence and Diversity

The video discusses an analysis of board directors in old economy sectors, highlighting weaknesses in board tenure, multiple board memberships, and gender diversity. Proposed regulatory changes aim to address these issues by limiting board tenure and improving gender diversity. The analysis reveals that sectors like utilities, telecom, and property are lagging, while financial companies show better female representation.

What is the rationale behind limiting the number of years independent directors can serve on a board?

How does the representation of female board members in financial companies compare to the index average?