Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 432

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 432
---
 FTSE 30 |

(Stock ticker and ranking by market capitalisation) n HSBC proposed n HSBC current n HSBC pre-2014 Data source: Deloitte. 2024 total compensation is based on 2023 year-end disclosures . The market capitalisation ranking shown in brackets is based on a 3-month average as at 31 December 2024.

| HSBC Holdings plcAnnual Report on Form 20-F | 311 |

| Group CEO target total compensation (£000) |                                 | Group CFO target total compensation (£000) |                                 |
| International banking peer group           | Top 10 by market cap in FTSE 30 | International banking peer group           | Top 10 by market cap in FTSE 30 |

(Stock ticker and ranking by market capitalisation) n HSBC proposed n HSBC current n H SBC pre-2014 D ata source: Deloitte. 2024 total compensation based on 2023 year-end disclosures. 'Target' value of total compensation based on 50% of the maximum value for the annual incentive, or target value if disclosed; 50% of the maximum value for performance-based LTI; the maximum value of restricted shares; and one third of face value for share options. Market capitalisation ranking shown in brackets based on 3-month average as at 31 December 2024. Over several years, the Committee has seen increases to pay opportunities and changes to pay structures, which have further widened the gap between HSBC and some of our US and European banking peers. In determining the new policy, we have not targeted the quantum or structure of pay in US banks given the differences in market and business models compared to HSBC. However, we believe it is appropriate to narrow the gap to these roles as we recruit from this talent base across various levels of the organisation and this will help alleviate some of the challenges of pay compression. HSBC is the third-largest company in the FTSE by market capitalisation, a proxy for the scale and complexity of the Group. Operating within 58 countries and territories and employing over 211,000 full-time equivalent employees means that HSBC is also one of the most geographically diverse companies and one of the largest employers in the FTSE 30. The Committee believes that the maximum pay opportunities towards the upper end of the FTSE 30 are reflective of the size and scope of HSBC. These also remain below the pay levels had the growth in median executive Director salaries observed amongst FTSE 30 companies