HSBC 2007 Annual Report Download - page 291

HSBC HOLDINGS PLC
Report of the Directors: Governance
289
Page
Corporate Governance Report ...................... 289
Directors ....................................................... 289
Adviser to the Board .................................... 292
Secretary ....................................................... 292
Group Managing Directors ........................... 292
Group General Managers ............................. 293
Board of Directors ........................................ 295
The Board ................................................. 295
Corporate governance codes .................... 299
Board committees ..................................... 300
Internal control ......................................... 304
Directors’ interests .................................... 306
Employees .................................................... 307
Employee involvement .............................. 308
Employment of disabled persons .............. 308
Remuneration policy.................................. 308
Employee share plans ............................... 309
Subsidiary company share plans ............... 313
Employee compensation and benefits ....... 317
Corporate sustainability ................................ 318
Investing in sustainability ......................... 318
Community involvement ............................ 319
Health and safety ...................................... 319
Supplier payment policy ........................... 319
Donations ................................................. 320
Sustainability reporting ............................ 320
Dividends, shareholders and meetings ......... 320
Dividends for 2007 ................................... 320
Dividends for 2008 ................................... 320
Communication with shareholders ........... 320
Notifiable interests in share capital .......... 320
Dealings in HSBC Holdings shares .......... 321
Annual General Meeting ........................... 321
Corporate Governance Report
The information set out on pages 289 to 333 and
information incorporated by reference constitutes the
Corporate Governance Report of HSBC Holdings.
Directors
S K Green, Group Chairman
Age 59. An executive Director since 1998; Group
Chief Executive from 2003 to May 2006. Joined
HSBC in 1982. Chairman of HSBC Bank plc and
HSBC North America Holdings Inc. and HSBC
Private Banking Holdings (Suisse) SA. A Director of
HSBC France and The Hongkong and Shanghai
Banking Corporation Limited. Group Treasurer from
1992 to 1998. Executive Director, Global Banking
and Markets from 1998 to 2003. Chairman of The
British Bankers’ Association.
* The Baroness Dunn, DBE, Deputy Chairman
(Retiring 30 May 2008)
Age 68. An executive Director of John Swire & Sons
Limited and a Director of Swire Pacific Limited. A
non-executive Director since 1990 and a non-
executive Deputy Chairman since 1992. A member
of the Nomination Committee. A non-executive
Director of The Hongkong and Shanghai Banking
Corporation Limited from 1981 to 1996. A Patron of
the UK Foundation of the University of British
Columbia, a registered charity. A member of the
Hong Kong Association and the Asia Task Force. A
former Senior Member of the Hong Kong Executive
Council and Legislative Council.
* Sir Brian Moffat, OBE, Deputy Chairman
(Retiring 30 May 2008)
Age 69. A non-executive Director since 1998 and a
non-executive Deputy Chairman since 2001. A
member of the Nomination Committee. A non-
executive Director of Macsteel Global BV. Former
Chairman of Corus Group plc and a former member
of the Court of the Bank of England.
M F Geoghegan, CBE, Group Chief Executive
Age 54. An executive Director since 2004. Joined
HSBC in 1973. Chairman of the Group Management
Board. Chairman of HSBC Bank USA, N.A.,
HSBC USA Inc. and HSBC Bank Canada. Deputy
Chairman of HSBC Bank plc. A Director of The
Hongkong and Shanghai Banking Corporation
Limited, HSBC France, HSBC National Bank USA
and HSBC North America Holdings Inc. President of
HSBC Bank Brasil S.A.-Banco Múltiplo from 1997
to 2003 and responsible for all of HSBC’s business
throughout South America from 2000 to 2003. Chief
Executive of HSBC Bank plc from 2004 to March
2006. A non-executive Director and Chairman of
Young Enterprise.