Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 441

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 441
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| Reported profit before tax$32.3bn(2023:$30.3bn) | Operating expenses$33.0bn(2023:$32.1bn)Target basis operatingexpenses up5%to$32.6bn | Return on average tangibleequity14.6%(2023:14.6%)Return on average tangible equityexcluding notable items of16.0%(2023:16.2%) | HK customer net promoter scorein WPB and CMB relative to peers1st(2023: WPB:3rd; CMB:1st) |
| Employee engagementindex80%(2023:77%)           | Inclusion index78%(2023:78%)                                                        | Percentage of women in seniorleadership roles34.6%(2023:34.1%)                                                                | Percentage of colleagues of Asianheritage in senior leadership roles39.3%(2023:37.8%)     |

Remuneration outcomes for executive Directors Summary remuneration outcomes for 2024 are set out below. Further details are set out in our annual report on Directors‘ remuneration on pages 327 to 329 .

| Sir Noel Quinn                  | Georges Elhedery |
| Annual incentive outcome (£000) |                  |

Maximum opportunity 2024 annual incentive Maximum opportunity 2024 annual incentive 1

1 Calculated based on Group CFO and Group CEO scorecard outcomes applied to the respective salary for each role.

| Long-term incentive (LTI) outcome (£000) |

Maximum opportunity 2022–2024 LTI Maximum opportunity 2 2022–2024 LTI

2 Received in prior role as Co-CEO, GBM.

| Single total figure of remuneration (£000) |

2024 2023

2024 2023

| HSBC Holdings plcAnnual Report on Form 20-F | 315 |

Directors ’ remuneration policy This section sets outs the Directors’ remuneration policy proposed for shareholders' approval at the AGM on 2 May 2025. The Committee is responsible for reviewing and recommending to the Board the Directors’ remuneration policy for shareholder approval. The policy is intended to apply for three years to the end of the AGM in 2028, although we may seek shareholders’ approval for a new policy during the period depending on regulatory developments, changes to our strategy or competitive pressures. Remuneration policy – key principles The Committee determined the policy using the following key principles: – The rationale and operation