Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 427

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 427
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 has access to the GTOC papers and receives copies of meeting agendas and minutes. The Group Chief Information Officer, Group Chief Operating Officer, Group Chief Risk and Compliance Officer, Global Head of Enterprise Risk Management, Group CFO, Group Head of Internal Audit, and the external auditor are standing attendees at GTOC meetings. The Chair and members of the GTOC also hold private meetings with the Group Chief Information Officer, Group Chief Operating Officer, Group Chief Risk and Compliance Officer, and Group Head of Internal Audit, as required. The GTOC Chair meets regularly with the Group Chief Information Officer and Group Chief Operating Officer and other members of senior management, to discuss priorities and track progress on key actions. The Chair also meets regularly with the GTOC Secretary to ensure the GTOC addresses its governance responsibilities. A summary of coverage is set out in the ’Matters considered during 2024’ table.

| Matters considered during 2024 |     |     |     |     |     |     |     |
|                                | Mar | May | Jun | Jul | Sep | Nov | Dec |
| Technology                     | u   | u   | u   | u   | u   | u   | u   |
| Investment and transformation  | u   | u   | u   | u   | u   | u   | u   |
| Resilience                     | u   | u   | u   | u   | u   | u   | u   |
| Innovation                     | u   | u   | u   | u   | u   | u   | u   |
| Cybersecurity                  | u   | u   | u   | u   | u   | u   | u   |
| Data                           | u   | u   | u   | u   | u   | u   | u   |
| Resource and capability        | u   | u   | u   | u   | u   | u   | u   |

| u | Matter considered | u | Matter not considered |

How the Committee discharged its responsibilities Engagement outside formal meetings The GTOC Chair held several meetings outside its regular schedule to facilitate deeper and more effective oversight of all key topics under its remit. The Chair regularly met with key stakeholders, including executives, programme sponsors, second and third line of defence, and independent third parties. On 16 October 2024, KPMG held an education session on Third Party Management for the HSBC Holdings Board covering industry insights, trends, and