Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 400

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 400
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 and transparent communication with the wider Board, and regulators through the duration of the process. The good practices would be leveraged for future senior succession practices, with the importance of a sufficient handover period being noted. The report from IBE also confirmed that the culture of the Board continues to be regarded as a key strength. The major organisational and leadership changes that took place during 2024 further demonstrated the flexibility of the Board governance and operating rhythm, and its commitment in response to the needs of the Group and its stakeholders. It was acknowledged that the refresh of the senior leadership team and executive governance framework would require ongoing strong and open communication between the Board and the new Group Operating Committee. The new committee structure, in particular the establishment of the Group Technology and Operations Committee and the launch of the Sustainability Working Group, have enhanced Board oversight and support to management in these areas of critical strategic importance. Further, it was acknowledged that work continues to ensure the quality and insight of reporting to the Board, with concise reports that focus on the most material and emerging risks. IBE presented its report to the December 2024 Board meeting, and was present for the Board’s discussion, led by the Group Chairman, on the findings identified through IBE’s review. Actions arising from the Board and committee review will be monitored by the Board over the coming months. Further details on the findings specific to each committee can be found within the respective committee reports later in this section .

| HSBC Holdings plcAnnual Report on Form 20-F | 289 |

Nomination & Corporate Governance Committee

|                                                                   |                                                                                                                                                                                                                                                                                                                                                                               | “We have full confidence in Georges and the new senior leadership team. They have theskills, experience and track record necessary to deliver the next exciting phase of theGroup’s development and growth.“ |                            |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Sir Mark E TuckerChairNomination & Corporate Governance Committee |                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                              |                            |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                                                   | Membership                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                              |                            |     | Key responsibilities                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                                                   |                                                                                                                                                                                                                                                                                                                                                                               | Member since                                                                                                                                                                                                 | Meeting attendancein 20241 |     | The Committee’s key responsibilities include:–overseeing succession planning and leading the process foridentifying and nominating candidates for appointment to theBoard and its committees;–overseeing succession planning and development of seniorleadership;–overseeing and monitoring the corporate governance frameworkof the Company and its subsidiaries; and–ensuring that the corporate