HSBC 2004 Annual Report Download - page 228

HSBC HOLDINGS PLC
Directors’ Remuneration Report (continued)
226
Employees’ emoluments
Set out below is information in respect of the five
individuals who are not Directors of HSBC
Holdings whose emoluments (excluding
commissions or bonuses related to the revenue or
profits generated by employees individually or
collectively with others engaged in similar
activities) were the highest in HSBC for the year
ended 31 December 2004.
£000
Basic salaries, allowances and benefits in
kind ......................................................... 976
Pension contributions .................................. 90
Bonuses paid or receivable .......................... 34,038
Inducements to join paid or receivable......... 820
Compensation for loss of office
– contractual ..............................................
– other ........................................................
–
–
Total ............................................................ 35,924
Total (US$000) ........................................... 65,803
Their emoluments are within the following
bands:
Number of
Employees
£4,600,001 – £4,700,000 ............................ 1
£5,200,001 – £5,300,000 ............................ 2
£7,300,001 – £7,400,000 ............................ 1
£13,500,001 – £13,600,000 ........................ 1
The basic salaries of Group Managing
Directors and Group General Managers are within
the following bands:
Number of
Group Managing
Directors and Group
General Managers
£150,001 – £250,000 ........................ 6
£250,001 – £350,000 ........................ 17
£350,001 – £450,000 ........................ 4
£450,001 – £550,000 ........................ 1
The aggregate remuneration of Directors and
Senior Management for the year ended 31
December 2004 was US$118,290,000.
The aggregate amount set aside or accrued to
provide pension, retirement or similar benefits for
Directors and Senior Management for the year
ended 31 December 2004 was US$6,261,000.
At 31 December 2004, executive Directors and
Senior Management held, in aggregate, options to
subscribe for 11,398,184 HSBC Holdings ordinary
shares under the HSBC Holdings Executive Share
Option Scheme, HSBC Holdings Group Share
Option Plan and HSBC Holdings savings-related
share option plans. These options are exercisable
between 2005 and 2014 at prices ranging from
£3.3334 to £8.2830.