Enterprise China

APPENDIX

Japan‐Based Fortune Global 500 Executive and Board Composition

JPN Rank	500 Rank	Company	Revenue	Exec. %	BoD %
5	55	Nippon Telegraph & Telephone	$106,500	100	100
8	97	Sony	$77,116	80	84
11	114	Panasonic	$72,045	93	100
12	126	Nippon Life Insurance	$68,684	100	100
13	129	Mitsubishi	$68,301	100	100
13	130	Marubeni	$68,057	95	100
16	165	Toyota Tsusho	$58,586	96	94
21	198	Nippon Steel & Sumitomo Metal	$51,164	100	100
23	209	Tokio Marine Holdings	$48,731	82	100
24	221	MS&AD Insurance Group Holdings	$47,095	100	100
27	246	Mitsui	$44,155	100	90
28	250	Sumitomo	$43,570	98	100
30	309	Meiji Yasuda Life Insurance	$37,160	100	100
33	317	Canon	$36,388	98	100
35	329	Aisin Seiki	$35,281	94	100
36	342	Daiwa House Industry	$34,262	100	100
37	347	Sompo Holdings	$34,028	100	100
39	350	Sumitomo Life Insurance	$33,821	100	100
51	462	Chubu Electric Power	$25,753	100	100
52	463	NEC	$25,673	100	100
AVE %	96.8	98.4

Methodology

We used a random number generator to identify 20 of the Global 500 companies based in each country. Board and executive nationalities for these companies were determined using annual reports, Bloomberg, Wall Street Journal, and other search tools.

China‐Based Fortune Global 500 Executive and Board Composition

China Rank	500 Rank	Company	Revenue	Exec. %	BoD %
7	31	China Construction Bank	$138,594	100	86
9	40	Agricultural Bank of China	$122,366	100	100
11	46	Bank of China	$115,423	100	100
16	72