HSBC 2012 Annual Report Download - page 311

309
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
M M Moses, 55
Group Chief Risk Officer
Joined HSBC in 2005. A Group Managing Director
since 2010. Director of HSBC Insurance (Bermuda)
Limited. A director of HSBC Private Bank (Suisse)
SA and HSBC Private Banking Holdings (Suisse)
SA since 19 September 2012. Former HSBC
appointments include Chief Financial and Risk
Officer, Global Banking and Markets.
S P O’Sullivan, 57
Group Chief Operating Officer
Joined HSBC in 1980. A Group Managing Director
since 2011. Former HSBC appointments include:
Group Chief Technology and Services Officer;
director and Chief Operating Officer of HSBC Bank
plc; and Chief Operating Officer of HSBC Bank
Canada.
B Robertson, 58
Chief Executive, HSBC Bank plc
Joined HSBC in 1975. A Group Managing Director
since 2008. Chairman of HSBC Life (UK) Limited.
Director of HSBC Bank Bermuda Limited since
1 January 2012. Former HSBC appointments
include: Group Chief Risk Officer; Group General
Manager, Group Credit and Risk; and Head of
Global Banking and Markets for North America.
P T S Wong, 61
Chief Executive, The Hongkong and Shanghai
Banking Corporation Limited
Joined HSBC in 2005. A Group Managing Director
since 2010. Chairman of HSBC Bank (China)
Company Limited and HSBC Bank Malaysia
Berhad. Non-executive director of Hang Seng Bank
Limited and Bank of Communications Co., Ltd.
Independent non-executive director of Cathay
Pacific Airways Limited. Former HSBC
appointments include: director of HSBC Bank
Australia Limited. Ceased to be Vice Chairman of
HSBC Bank (Vietnam) Ltd on 16 January 2012 and
a director of Ping An Insurance (Group) Company of
China, Ltd on 7 December 2012.
Board of Directors
The purpose of HSBC’s management structure,
headed by the Board of Directors of HSBC Holdings
(the ‘Board’) and led by the Group Chairman, is to
promote the long-term success of the Company and
deliver sustainable value to our shareholders. The
Board sets the strategy and risk appetite for the
Group and approves capital and operating plans
presented by management for the achievement of
the strategic objectives it has set. Implementation
of the strategy set by the Board is delegated to the
Group Management Board (‘GMB’) which is led by
the Group Chief Executive.
Directors
HSBC Holdings has a unitary Board. The authority
of the Directors is exercised in Board meetings
where the Board acts collectively. At the time of
approval of the Annual Report and Accounts 2012
on 4 March 2013, the Board comprised the Group
Chairman, Group Chief Executive, the Group
Finance Director and 13 non-executive Directors
whose names and brief biographical particulars are
included on pages 302 to 307. The Group Chairman,
Group Chief Executive and the Group Finance
Director are HSBC employees. Non-executive
Directors are not HSBC employees and do not
participate in the daily business management of
HSBC; they bring an external perspective,
constructively challenge and help develop proposals
on strategy, scrutinise the performance of
management in meeting agreed goals and objectives
and monitor the risk profile and the reporting of
performance. The non-executive Directors bring
experience from a number of industries and business
sectors, including the leadership of large complex
multinational enterprises.
Terms of appointment
The Board has determined the time commitment
expected of non-executive Directors to be 30 to 36
days per annum. Time devoted to the Company
could be considerably more, particularly if serving
on Board committees.
Letters setting out the terms and conditions of
appointment of each of the non-executive Directors,
including the time commitment expected of each
of them, are available for inspection at 8 Canada
Square, London E14 5HQ and will be made
available for 15 minutes before the Annual General
Meeting and during the Meeting itself.