Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 405

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 405
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 the organisation and our stakeholders. The process to select Sir Noel Quinn’s successor was led by the Group Chairman and the Committee, who were supported by a leading external search partner. Key steps in the process included: – The establishment of a committee sub-group, comprising the Group Chairman, Senior Independent non-executive and Committee Chairs, to oversee the process. Regular updates were provided to the broader Committee through weekly update notes from the Group Chairman, who also engaged with the Group’s principal regulators throughout the process. – Agreement on the regulatory role profile and key selection criteria, which included key technical, experiential and leadership competencies that were determined to be essential for the successful candidate. – The assessment of all internal and external candidates against this role profile and selection criteria, with the support of a leading external search firm. Candidates also provided a written articulation of their strategic vision for the Group, which was followed by the shortlisting of the final candidates. – Thorough referencing and background checks, which were conducted on the final candidates, to provide the Committee with a deeper understanding of their character and motivations. – The final candidates were interviewed with all non-executive Directors. They also presented their strategic vision for the Group to the Committee and participated in Q&A. – Interview feedback, which included non-executive Directors scoring each candidate against the successful selection profile, as well as qualitative feedback based on candidate interviews, presentation and Q&A, which was collated and discussed by the Committee.

| Establishment of asub-group of theCommittee               |     | Agreement of theregulatory role profileand success criteria |     | Internal and externalcandidate assessment     |     | Candidate interviewswith Group Chairmanand NEDs |     | Presentations toCommittee onstrategic vision andQ&A |
| Announcement ofappointment ofGeorges Elhedery asGroup CEO |     | Board approvalfollowing receipt ofregulatory approval       |     | Regulatoryengagement,application andinterview |     | Decision on preferredcandidate                  |     | Feedback collated anddiscussed by theCommittee      |

Based on the information gathered on the candidates over the past four years, as well as the succession process, the Committee selected Georges Elhedery as the preferred candidate. Georges then participated in the required regulatory interviews with the PRA and FCA, after which the Committee received confirmation of regulatory approval, and announced Georges’ appointment on Wednesday 17 July 2024. The Committee also agreed on a comprehensive induction and development plan to best support Georges’ transition to Group CEO. The Committee continues to oversee