Taipei, Catcher Technology Chairman Hung Shui-shu (洪水樹) has topped the Harvard Business Review’s (HBR) biennial rankings of Taiwan’s 100 best-performing CEOs, according to results it announced on Thursday.
In its announcement, the HBR said 2020 was the first time the awards have been held since the retirements of Hon Hai Precision Industry Co. founder Terry Gou (郭台銘) and Taiwan Semiconductor Manufacturing Co. founder Morris Chang (張忠謀), who captured the top two spots in both 2016 and 2018.
HBR’s results showed that following Hung, Yageo Corp. Chairman Pierre Chen (陳泰銘) and Advantech Co. Chairman KC Liu (劉克振) rounded out the top three.
Among the top ten, the only non-tech sector CEO was Eclat Textile Co.’s Hung Cheng-hai (洪鎮海) at No. 5.
Hung’s company also notched a list-topping 9,460 percent return on equity (ROE) after adjustments for industrial fluctuation, finishing a full 72 percent higher than the next closest competitor, the results showed.
Three of the CEOs made the list twice for concurrent leadership roles at separate companies: Douglas Hsu (徐旭東) at Far Eastone (No. 16) and U-Ming Marine Transport Corp. (No. 50), Pierre Chen at Yageo (No. 2) and Chilisin Electronics Corp. (No. 93), and Lo Chih-hsien (羅智先) at President Chain Store Corp. (No. 67) and Uni-President Enterprises Corp. (No. 80).
By industry, the tech sector accounted for 47 percent of the awardees, followed by traditional manufacturing and precision machinery at 24 percent, the service sector at 10 percent and the financial industry at 8 percent.
Meanwhile, exactly half of the CEOs on the list were the founders of their companies, which the journal said could pose succession risks in the future.
In terms of age, 80 percent of those on the list were over 60, while the CEOs’ average age was 67.
The HBR said the list was drawn from Taiwan’s 300 largest corporations, with leaders who had yet served two years and those with criminal records excluded from consideration.
From that group, the top 100 CEOs were selected based on the market value growth and industry-adjusted ROE their companies had achieved during their tenure, the journal said.
Source: Focus Taiwan News Channel