“For years,” the New York Times reports, “U.S., European, and Japanese companies have been building up blue-collar and back-office operations and representative offices in places like mainland China, Hong Kong, and Singapore.” Now, an increasing number of top-level executives are joining them.” Four years ago, only 19 percent of non-Asian multinational companies surveyed had one or more board members living and working in Asia. “By last year,” the Times states, “that figure had reached nearly 30 percent. What is more, 45.3 percent of the respondents in the 2011 survey expected to have board members in the region by 2016.”
Companies shift top offices to Asia, seeking to crack markets
Nearly 30 percent of non-Asian multinational companies have one or more board members living and working in Asia, up from 19 percent four years ago.
June 21, 2012