Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 450

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 450
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 to pay:–base fees; and–further fees for additional Board duties, including but not limited to chairing acommittee, membership of a committee, or acting as the Senior IndependentDirector and/or Deputy Chairperson.Fees are paid in cash. The Board retains the discretion to pay in shares rather thancash where appropriate.The non-executive Group Chairperson will be paid a fixed annual fee for all Boardresponsibilities based on their experience and the time commitments expectedfor the role, together with such other benefits as the Committee may in itsabsolute discretion determine.A newly appointed non-executive Director would be paid in line with the policy ona time-apportioned basis in the first year as necessary. No sign-on payments areoffered to non-executive Directors.The Board (excluding the non-executive Directors) has discretion to approvechanges to the fees. The Board may also introduce any new component of feesfor non-executive Directors, subject to the principles, parameters and otherrequirements set out in this remuneration policy.Certain non-executive Directors may be entitled to receive fees for their servicesas directors of subsidiary companies of HSBC Holdings. Such additionalremuneration is determined by the Board of Directors of each relevant subsidiarywithin a framework set by the Committee. | –The Board will normally review the amountof each component of fees periodically toassess whether, individually and inaggregate, they remain competitive andappropriate in light of changes in roles,responsibilities and/or time commitment ofthe non-executive Directors, and to ensurethat individuals of the appropriate calibre areretained or appointed.–There is no prescribed maximum annualincrease. The Committee is guided by thegeneral increase for the employeepopulation but on occasions may need torecognise other factors including, but notlimited to, change in responsibility and/orvariance to market levels of remuneration.–Travel allowances are set at an appropriatelevel, taking into account the timerequirement for non-executive Directors totravel to overseas meetings. |
| Expenses/benefits                                                                                  | Any taxable or other expenses incurred in performing their role are reimbursed, aswell as any related tax cost on such reimbursement.Non-executive Directors may on occasion receive reimbursement for costsincurred in relation to the provision of professional advice. These payments, ifmade, are taxable benefits to the non-executive Directors and the tax arising ispaid by the Group on the Directors’ behalf.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Not applicable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Shareholding guidelinesTo ensure