HSBC 2005 Annual Report Download - page 229

Audited Information
227
Directors’ emoluments
The emoluments of the Directors of HSBC Holdings for 2005 were as follows:
Fees1
Salary and
other
remuneration
Benefits
in kind2Bonuses
Total
2005
Total
2004
£000 £000 £000 £000 £000 £000
Executive Directors
W F Aldinger3 ............................. –2,609
434 71653,359 2,822
Sir John Bond .............................. – 1,286 2 3,19164,479 3,649
D G Eldon7................................... – 286 180 1446610 1,317
D J Flint ....................................... –679
811 50061,190 1,166
M F Geoghegan ........................... –65813 –
9671 546
S K Green .................................... – 778 1 1,75062,529 1,757
AW Jebson .................................. – 545 2 1,00061,547 1,026
Non-executive Directors
Lord Butler .................................. 90 – – – 90 90
R K F Ch’ien ............................... 18710 –––187186
J D Coombe11 .............................. 53 – – – 53 –
Baroness Dunn ............................ 70 – – – 70 70
R A Fairhead ................................ 70 – – – 70 58
W K L Fung ................................ 11712 –––117117
S Hintze ....................................... 85 – – – 85 85
J W J Hughes-Hallett11 ................ 46 – – – 46 –
Sir John Kemp-Welch ................. 85 – – – 85 85
Sir Brian Moffat .......................... 115 – – – 115 115
Sir Mark Moody-Stuart ............... 85 – – – 85 75
S W Newton ................................ 55 – – – 55 55
H Sohmen .................................... 1613 –––1639
C S Taylor14.................................. 12 – – – 12 95
Sir Brian Williamson ................... 70 – – – 70 59
Total ............................................ 1,156 6,841 243 7,301 15,541 16,22615
Total (US$000) ............................ 2,100 12,428 441 13,264 28,233 29,722
1With effect from 1 January 2005, Sir John Bond, D J Flint, M F Geoghegan, S K Green and A W Jebson waived their rights to receive a
Director’s fee from HSBC Holdings (2005: £55,000, 2004: £55,000). W F Aldinger (2005: £18,333) and D G Eldon (2005: £22,917)
had previously elected to waive any fees payable by HSBC Holdings (2004: £55,000).
2Benefits in kind for executive Directors include provision of company car, medical insurance, other insurance cover and travel
assistance.
3Retired as a Director on 29 April 2005.
4Includes a payment of US$4.6 million in lieu of salary and bonus under the terms of the amendment agreement.
5Determined under the terms of the amendment agreement.
6These discretionary bonuses are in respect of 2005 and were paid in 2006.
7Retired as a Director on 27 May 2005. The emoluments of D G Eldon include a fee from The Hongkong and Shanghai Banking
Corporation and housing and other expatriate benefits in kind that are normal within the location in which he is employed.
8Includes an executive allowance of £154,269 (2004: £137,100) paid to fund personal pension arrangements.
9In return for the prior waiver of bonus, an employer contribution has been made into a pension arrangement for M F Geoghegan equal
to the amount of £1,818,750 which would otherwise have been paid. The bonus waived in respect of 2005 when added to the bonus
waived in respect of 2004 (£1,200,000) equals 250 per cent of salary earned during 2004 and 2005.
10 Includes fees as non-executive Chairman of HSBC Private Equity (Asia) Limited and as a non-executive Director of The Hongkong and
Shanghai Banking Corporation.
11 Appointed a Director on 1 March 2005.
12 Includes fee as a non-executive Director of The Hongkong and Shanghai Banking Corporation.
13 Fees as a non-executive Director and member of the Audit Committee of The Hongkong and Shanghai Banking Corporation. H Sohmen
has elected to waive any fees payable to him by HSBC Holdings (2005: £55,000; 2004: £55,000).
14 Retired as a Director on 14 March 2005.
15 Includes the emoluments of Directors who retired in 2004.