Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 387

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 387
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 the Board committees, bespoke working groups have been established as an informal mechanism for smaller groups of Board members and senior management to meet to discuss emerging issues and upcoming Board matters, as appropriate. The GEC established a number of committees to support the senior management during 2024 in their running of the business and provide specialist oversight for matters delegated to them, including capital and liquidity, risk management, disclosure and financial reporting, restructuring and investment considerations, transformation oversight, ESG matters and talent and development. These committees also help fulfil their responsibilities under the Senior Managers and Certification Regime. The structure below sets out the current committees and working groups at the Board and Group Executive level as at 31 December 2024. The key changes in the year include: The Board Sustainability Working Group (‘SWG‘) was established, with effect from October 2024, to enhance the Board’s oversight of sustainability matters. On 25 January 2024, the Board approved that the Technology Working Group be demised and, in its place, established the creation of the Group Technology Committee (‘GTC’), effective from March 2024. The GTC was delegated responsibility to oversee the Group’s technology strategy and its alignment with the wider global strategy of the Group. In December 2024, the remit of the GTC (renamed the Group Technology and Operations Committee (‘GTOC‘)) was extended to cover oversight of global operations. The Board also approved a proposal from the Group CEO to combine the Group‘s executive level ESG Committee and Sustainability Execution Committee, with effect from October 2024. For more information on this Committee please refer to ‘Board matters considered on page 281 ‘. In addition, the Board approved that the GEC of 18 members be simplified and replaced by a new Group Operating Committee comprised of 12 members, with effect from 1 January 2025 (www.hsbc.com/who-we-are/our-people/senior-management).

| BoardChair: Sir Mark Tucker |                                          |                      |                     |                              |                                         |                                                       |
| Chairman’sCommittee         | Nomination &CorporateGovernanceCommittee | Group AuditCommittee | Group RiskCommittee | GroupRemunerationCommittee   | Group Technologyand OperationsCommittee | InformalGovernance                                    |
| Chair: Sir MarkTucker       | Chair: Sir MarkTucker                    | Chair: BrendanNelson | Chair: JamesForese  | Chair: DameCarolyn Fairbairn | Chair: Eileen Murray