Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 443

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 443
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%of base salary.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Performance measures                                                                                                                                                                                                                                                                                                                                                                                                   | Performance is normally measured against an annual scorecard, based on targets set for financial and non-financial measures,determined at the beginning of the financial year. The scorecards may vary by individual.Measures with financial targets will generally have a weighting of 60% for both the Group CEO and the Group CFO. The Committeewill review the scorecard annually and may vary the measures, weighting and targets each year.The overall payout of the annual incentive could be between 0% (for below minimum performance) and 100% of the maximumopportunity.Minimum and maximum performance levels for each measure are defined in the scorecard. 25% of the award opportunity will payout for achieving minimum performance and 100% of the award will pay out for achieving maximum performance. Details on payoutbetween these levels will be disclosed in the respective Directors' Remuneration Report.The Committee exercises its judgement to determine performance achieved and awards at the end of the performance period, whichin normal circumstances will be one financial year, to ensure that the outcome is fair in the context of overall Group and individualperformance. The Committee can adjust the payout based on the outcome of the performance measures, if it considers that thepayout determined does not appropriately reflect the overall position and performance of the Group for the relevant performanceperiod.The scorecard outcome may also be subject to a risk and compliance modifier and/or a capital underpin under which the Committeewill have the discretion to adjust down the overall scorecard outcome, taking into account performance against those factors.The Committee has the discretion to:–change the overall weighting of the financial and non-financial measures, whilst ensuring the overall balance remains appropriate;–vary the measures and their respective weightings within each category. The specific performance measures will be disclosed inthe ‘annual report on remuneration’ for the relevant year; and–make adjustments to performance targets, measures, weightings and/or outcomes in exceptional circumstances. This may be toreflect significant one-off items that occur during the measurement period and/or where the Committee determines that originalmeasures, targets or conditions are no longer appropriate or that amendment is required so that the measures, targets orconditions achieve their original purpose. Full and clear disclosure of any such adjustments will be made in the 'annual report onremuneration' for the relevant year, subject to commercial confidentiality. |
| Malus and clawback(applicable