HSBC 2011 Annual Report Download - page 255

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Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
No Directors held any short position as defined in the Securities and Futures Ordinance of Hong Kong in the shares
and loan capital of HSBC Holdings and its associated corporations. Save as stated above, none of the Directors had
an interest in any shares or debentures of HSBC Holdings or any associated corporation at the beginning or at the end
of the year, and none of the Directors or members of their immediate families were awarded or exercised any right to
subscribe for any shares or debentures in any HSBC corporation during the year. Since the end of the year, the
aggregate interests of the following Directors have increased by the number of HSBC Holdings ordinary shares
shown against their names:
Increase in Directors’ interests since 31 December 2011
HSBC Holdings ordinary shares of US$0.50
Beneficial
owner
Child under
18 or spouse Trustee
J D Coombe ............................................................................................................. 2571– –
D J Flint ................................................................................................................... 4,4052– 4263
A A Flockhart .......................................................................................................... 13,0491– 4,1711
S T Gulliver ............................................................................................................. 26,202181 –
W S H Laidlaw ........................................................................................................ 369 – –
I J Mackay ............................................................................................................... 3,5291– –
Sir Simon Robertson ................................................................................................ 1081– –
Sir Brian Williamson ............................................................................................... 4741– –
1 Scrip dividend.
2 Comprises scrip dividend, the automatic reinvestment of dividend income by an Individual Savings Account manager (65 shares), the
acquisition of shares in the HSBC Holdings UK Share Incentive Plan through regular monthly contributions (24 shares) and the
automatic reinvestment of dividend income on shares held in the plan (30 shares).
3 Non-beneficial.
There have been no other changes in the share and loan capital interests of the Directors from 31 December 2011 to
the date of this Report. Any subsequent changes up to the last practicable date before the publication of the Notice of
Annual General Meeting will be set out in the notes to that Notice.
At 31 December 2011, non-executive Directors and Senior Management (being executive Directors and Group
Managing Directors of HSBC Holdings) held, in aggregate, beneficial interests in 15,132,496 HSBC Holdings
ordinary shares (0.08% of the issued ordinary shares).
At 31 December 2011, executive Directors and Senior Management held, in aggregate, options to subscribe for
544,992 of HSBC Holdings ordinary shares under the HSBC Holdings savings-related share option plans and HSBC
Holdings Group Share Option Plan. These options are exercisable between 2011 and 2015 at prices ranging from
£3.3116 to £7.2181 and US$11.8824 per ordinary share.
Supplier payment policy
HSBC has signed up to the Government’s Prompt Payment Code (further information on, and copies of, the Code
can be obtained by visiting www.promptpaymentcode.org.uk).
Our policy is to settle terms of payment with our suppliers when agreeing the terms of each transaction, to ensure that
those suppliers are made aware of the terms of payment and to abide by the terms of payment.
The amount due to trade creditors at 31 December 2011 represented 28 days’ average daily purchases of goods and
services received from such creditors, calculated in accordance with the Companies Act 2006, as amended by
Statutory Instrument 2008 No. 410.
Dividends and shareholders
Dividends for 2011
First, second and third interim dividends for 2011, each of US$0.09 per ordinary share, were paid on 6 July 2011,
6 October 2011 and 18 January 2012 respectively. Note 11 on the Financial Statements gives more information on
the dividends declared in 2011. On 27 February 2012, the Directors declared a fourth interim dividend for 2011 of
US$0.14 per ordinary share in lieu of a final dividend, which will be payable on 2 May 2012 in cash in US dollars,
or in sterling or Hong Kong dollars at exchange rates to be determined on 23 April 2012, with a scrip dividend
alternative. As the fourth interim dividend for 2011 was declared after 31 December 2011 it has not been included