Linda Tsao Yang
Ambassador Yang chairs The Asian Corporate Governance Association based in Hong
Kong, a non-profit organization dedicated to improving corporate governance practices
in Asia. She is an independent, non-executive director on the board of The Bank
of China ( Hong Kong), a listed company on the Hong Kong Stock Exchange. She
is a member of the board's Audit Committee and the Convener of the Strategic
Planning Group at the bank.
From 1993 to 1999, she was the U.S. Ambassador and Executive director to the
Board of Directors of The Asian Development Bank in Manila. Ambassador Yang was
the first woman Executive Director appointed by the United States Government
to the board of a multilateral financial institution and the first Executive
Director appointed by President Clinton and confirmed by the U.S. Senate.
At her retirement in December 1999, Ambassador Yang was presented the Distinguished
Service Award by the then U.S. Secretary of the Treasury Lawrence H. Summers.
The award citation stated that, " Among her many achievements are the successful
negotiation of the general capital increase of the Bank and the replenishment
of the Asian Development Fund, which together set out a major reorientation of
the policy framework of Bank operations. Ambassador Yang has also been one of
the main forces behind the strengthening of the Bank's private sector operations
and she has led the effort to put in place a Bank-wide approach to private sector
development. Ambassador Yang played a key role in defining the Bank's participation
in the international response to the Asian economic cirsis, including pushing
for early and expanded attention to social impacts and social development. She
has provided strong fiduciary and operational oversight of Bank operations and
has worked to make the Bank more transparent and accountable."
The first woman and the first minority appointed to serve as California's Savings
and Loan Commissiner, she was responsible for the regulation and supervision
of all state-chartered savings and loan institutions from April 1980 to December
1982 during a period of national recession and great turmoil in California's
financial sector. Ambassador Yang is a former Vice president of the Board of
Administration of the Public Employees' Retirement System of the State of California
(CalPERS) and Vice-chairman of its Investment Committee. She was a Senior Advisor
to Lombard Investments in San Francisco, a private equity investment fund focused
on Asia.
Ambassador Yang is a Trustee of The Asia Foundation, a director on the board
of The Committee of 100, a national Chinese American organization, and The Center
on Asia Pacific Policy, RAND Corporation .She is also a director on the board
of The Pacific Pension Institute and its Program Committee. The institute's members
are among the largest public pensions in the United States, Canada , Japan, Korea,
China, Thailand, Malaysia, and Singapore with total assets of over US$ 1.0 trillion
under management.
A member of the Council on Foreign Relations, Ambassador Yang is a graduate of
St. John's University in Shanghai and earned her Master of Philosophy in Economics
degree from Columbia University of New York.
|