Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 512

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 512
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-we-are/our-people/board-of-directors/board-responsibilities     |
| Global Internal Audit Charter                                                                                                                               | www.hsbc.com/who-we-are/esg-and-responsible-business/governance/internal-control |

HSBC is subject to corporate governance requirements in both the UK and Hong Kong. During 2024, HSBC complied with the provisions and requirements of both the UK and Hong Kong Corporate Governance Codes. Under the Hong Kong Corporate Governance Code, the audit committee should be responsible for the oversight of all risk management and internal control systems. During 2024, the Board approved changes to the scope of the Group Audit Committee’s responsibilities in relation to internal controls to extend these to cover oversight of the effectiveness of all internal controls. HSBC’s Group Risk Committee retains oversight of internal controls relating to risk management and risk management systems and provides input to the Group Audit Committee on these. HSBC Holdings has codified obligations for transactions in Group securities in accordance with the requirements of the UK Market Abuse Regulation and the rules governing the listing of securities on HKEx. The Group has been granted certain waivers by HKEx from strict compliance with the rules that take into account accepted practices in the UK, particularly in respect of employee share plans. During the year, all Directors were reminded of their obligations in respect of transacting in HSBC Group securities. Following specific enquiry all Directors have confirmed that they have complied with their obligations. The Group Audit Committee has reviewed and provided assurance to support the HSBC Holdings Board ’ s approval and publication of the Annual Report and Accounts 2024. On behalf of the Board Sir Mark E Tucker Group Chairman HSBC Holdings plc Registered number 617987 19 February 2025

| 360 | HSBC Holdings plcAnnual Report on Form 20-F |

Financial statements The financial statements provide detailed information and notes on our income, balance sheet, cash flows and changes in equity, alongside a report from our independent auditors.

| 361 | Independent auditors’ report to the members ofHSBC Holdings plc |
| 363 | Financial statements                                            |
| 363 | – Consolidated income statement                                 |
| 364 | – Consolidated statement of comprehensive income                |
| 365 | – Consolidated balance sheet                                    |
| 366 | – Consolidated statement of changes in equity                   |
| 369 | – Consolidated statement of cash flows                          |
| 371 | – HSBC Holdings financial statements                            |
| 375 | Notes on the financial statements                               |

Hong Kong, 2019. Col