Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 395

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 395
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 focus in 2024 for global businesses and functions. In particular, a training session sponsored by the Group Chairman and the Group CEO took place to ensure that standards remained consistent and accurate across the Group. Additionally, the Group- wide delegations of authority framework was reviewed and approved by the Board and its relevant subsidiaries in February 2024. This decision was key to driving efficiencies in the execution of contracts and documents by directors and senior management. The Board, supported by the Nomination & Corporate Governance Committee, reviews the skills and experience of the Directors on an ongoing basis. This ensures that the composition of the Board and its Committees comprise the necessary skills, diversity, experience and competencies to discharge their responsibilities effectively. For further details of the review and changes to the Board, see the Nomination & Corporate Governance Committee report on page 289 . For further details of diversity of the Board, see page 274 .

| 284 | HSBC Holdings plcAnnual Report on Form 20-F |

Report of the Directors | Corporate governance report

The Board’s engagement with the workforce The Board is committed to engaging with the Group’s workforce, which takes place in a variety of ways across many forums, including small-scale exchange sessions and larger town halls. These interactions allow the Board to have meaningful engagement with colleagues and gain insights from the workforce which inform Board discussion and decision-making. These engagements also provide colleagues with the opportunity to share ideas and feedback on topics that are important to them with the Board directly. It is the responsibility of all Directors to engage with colleagues, and the Board’s dedicated workforce engagement non-executive Director, José Meade, leads on the delivery of such engagements. The Board recognises that a dedicated non-executive director, that champions workforce engagement, presents an inclusive opportunity to help ensure that the employee voice is being considered and accounted for in Board decision-making.

| 96                                                                                             |     |                                                                           7,000+ |
| Virtual/physical sessionsattended by non-executiveDirectors                                    |     |                                  Number of employees engagedphysically/virtually |
| 9                                                                                              |     |                                                                               55 |
| Countries where in-personengagement took place andmany more virtually                          |     | Virtual/physical sessions attended byworkforce engagement non-executive Director |
| 4,600+                                                                                         |     |                                                                                  |
| Number of employees engaged virtually/physically by workforceengagement non-executive Director |     |                                                                                  |

The Board’s workforce engagement programme In early 2024, the Board agreed a workforce engagement programme