HSBC 2015 Annual Report Download - page 251

HSBC HOLDINGS PLC
249
Strategic Report Financial Review Corporate Governance Financial Statements Shareholder Information
Corporate Governance Page App1
Corporate Governance Report 249
Directors 249
Secretary 254
Group Managing Directors 254
Corporate governance codes 256
Board of Directors 256
Board committees 262
Group Audit Committee 262
Group Risk Committee 266
Financial System Vulnerabilities Committee 268
Group Remuneration Committee 270
Nomination Committee 270
Conduct & Values Committee 272
Philanthropic and Community Investment
Oversight Committee 274
Chairman’s Committee 274
Internal control 275
Going concern and viability 277
Employees 278
Employee relations 278
Diversity and inclusion 278
Employee development 278
Employment of disabled persons 278
Health and safety 278
Remuneration policy 279
Employee share plans 279
Other disclosures 280
Share capital 281
Directors’ interests 282
Dividends and shareholders 283
2015 Annual General Meeting 280
1 Appendix to Report of the Directors.
Corporate Governance
Report
The statement of corporate governance practices set
out on pages 249 to 335 and information incorporated by
reference constitutes the Corporate Governance Report
of HSBC Holdings. The reports of Board Committees are
contained within the Corporate Governance Report.
Directors
Douglas Flint, CBE, 60
Group Chairman
Appointed to the Board: December
1995. Group Chairman since December
2010.
Skills and experience: Douglas has extensive board-level
experience and knowledge of governance primarily gained
through membership of the boards of HSBC and BP plc
and his time as a partner of KPMG. He has considerable
knowledge of finance and risk management in banking,
multinational financial reporting, treasury and securities
trading operations and has chaired and been a member of
highly influential bodies which set standards for taxation,
governance, accounting and risk management. He joined
HSBC as Group Finance Director in 1995, which broadened
to that of Chief Financial Officer, Executive Director Risk and
Regulation.
He is a member of the Institute of Chartered Accountants
of Scotland and the Association of Corporate Treasurers
and also a Fellow of the Chartered Institute of Management
Accountants. In 2006, he was honoured with a CBE in
recognition of his services to the finance industry. Former
appointments include non-executive director and chairman
of the Audit Committee of BP plc and an independent
external member of the UK Government’s Financial
Services Trade and Investment Board.
Current appointments include: Douglas is Chairman of
the Institute of International Finance and serves on the
International Business Leaders Advisory Councils of the
mayors of both Beijing and Shanghai. At the invitation of
the Prime Minister he serves as a UK Business Ambassador.
Stuart Gulliver, 56
Group Chief Executive
Appointed to the Board: May 2008.
Group Chief Executive since January
2011.
Skills and experience: Stuart joined HSBC in 1980. He is a
career banker with over 35 years’ international experience.
He has held a number of key roles in the Group’s operations
worldwide, including in London, Hong Kong, Tokyo, Kuala
Lumpur and the United Arab Emirates. Stuart played a
leading role in developing and expanding Global Banking
and Markets. Other former appointments include serving
as Chairman of Europe, Middle East and Global Businesses
and of HSBC Bank plc, HSBC Bank Middle East Limited,
HSBC Private Banking Holdings (Suisse) SA and HSBC France
and Deputy Chairman of HSBC Trinkaus & Burkhardt AG
and a member of its supervisory board. He was Head of
Global Banking and Markets; Co-Head of Global Banking
and Markets; Head of Global Markets; and Head of
Treasury and Capital Markets in Asia-Pacific.