Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 471

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 471
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 in February 2024. In addition, the Group has announced the intention to initiate a further buy-back of up to $2bn. Dividends include an approximation of the amount payable in April 2025 in relation to the fourth interim dividend of $ 0.36 per ordinary share. Relative importance of spend on pay

| Total returntoshareholder | 2024 |     | ▲43% |
| 2023                      |      |     |      |
| Employeepay               | 2024 |     | ▲1%  |
| 2023                      |      |     |      |

$15.9bn $11.0bn $11.8bn $7.0bn

| 338 | HSBC Holdings plcAnnual Report on Form 20-F |

Report of the Directors | Corporate governance report | Directors’ remuneration report

Comparison of Directors’ and employees’ pay The following table compares the changes in each Director’s base salary, taxable benefits and annual incentive between 2020 and 2024 with the percentage change in each of those elements of pay for UK- based employees of HSBC Group Management Services Limited, the employing entity of the executive Directors. The non-executive Director fees were increased in 2024. The year-on- year percentage change in fees noted in the table below is primarily driven by any pro-rated fees received by the non-executive Director based on time served by them on the Board and the relevant Board committees and any additional responsibilities taken on by the non- executive Director during each year. The value of benefits received by the non-executive Directors reflect the taxable expense reimbursements claimed, and the associated gross-up tax, in relation to attending the Board meetings in each year. Page 344 provides the underlying single total figure of remuneration for non-executive Directors used to calculate these figures.

| Annual percentage change in remuneration |                  |      |       |       |       |          |        |       |        |       |                  |      |      |      |       |
|                                          | Base salary/fees |      |       |       |       | Benefits |        |       |        |       | Annual incentive |      |      |      |       |
| Director/employees                       |             2024 | 2023 |  2022 |  2021 |  2020 |     2024 |   2023 |  2022 |   2021 |  2020