Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 449

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 449
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 value of benefits for Sir Noel Quinn, and for Pam Kaur this is the value of benefits for Georges Elhedery. The charts set out: – the minimum level of remuneration receivable under the policy for each performance year; – the remuneration level for achieving target level of performance (which assumes 50% of maximum variable pay opportunity is realised); – the maximum level of remuneration (which assumes 100% of the variable pay opportunity is realised); and – the maximum level of remuneration assuming a 50% increase in share price for LTI awards.

| Georges Elhedery (£000) |

| Proposed policyminimum1                             |
| Proposed policytarget                               |
| Proposed policymaximum                              |
| Proposed policymaximum with 50%share price increase |

26% 29% 23% 59% 68% 53% 8% 11% 19% 90% 2% 1% 1%

| Pam Kaur (£000) |

| Proposed policyminimum1                             |
| Proposed policytarget                               |
| Proposed policymaximum                              |
| Proposed policymaximum with 50%share price increase |

19% 11% 91% 26% 53% 29% 59% 8% 23% 68% 2% 1% 1% 1 Under the proposed policy minimum, benefits account for 10% of the total remuneration receivable for Georges Elhedery, and 9% of the total remuneration receivable for Pam Kaur.

| HSBC Holdings plcAnnual Report on Form 20-F | 323 |

Remuneration policy – non-executive Directors The Nomination & Corporate Governance Committee has considered the time commitments required for all non-executive Directors as the Board supports HSBC through its ambitious agenda of governance reform, growth and organisational development in an environment of increasing regulatory, political and organisational complexity. Further information on the time commitment non-executive Directors are expected to fulfil is set out on page 353 . The following table sets out the framework that will be used to determine the fees for non-executive Directors during the term of this policy.

| Elements and link tostrategy                                                                       | Operation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Maximum opportunity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| FeesTo reflect the timecommitment andresponsibilities of a non-executive Director of HSBCHoldings. | The policy for non-executive Directors is