HSBC 2008 Annual Report Download - page 447

445
Compensation of Directors and other Key Management Personnel
HSBC
2008 2007 2006
US$m US$m U$m
Short-term employee benefits ............................................................................ 31 62 76
Post-employment benefits ................................................................................. 5 4 3
Termination benefits .......................................................................................... – 9 –
Share-based payments ....................................................................................... 16 40 61
52 115 140
Transactions, arrangements and agreements involving related parties
Particulars of transactions, arrangements and agreements entered into by subsidiaries of HSBC Holdings with
Directors, disclosed pursuant to section 232 of the Companies Act 1985, are shown below:
2008 2007
Number of
persons
Balance at
31 December
Number of
persons1
Balance at
31 December1
US$000 US$000
Directors ...................................................................... 19 14
Loans ............................................................................. 1,758 649
Credit cards ................................................................... 293 204
Guarantees .................................................................... – –
1 Comparative figures have been restated to show Directors, excluding their connected persons following a change to section 232 and
Part 2 of Schedule 6 of the Companies Act.
Particulars of transactions with related parties, disclosed pursuant to the requirements of IAS 24, are shown below.
The disclosure of the year-end balance and the highest amounts outstanding during the year in the table below is
considered to be the most meaningful information to represent the amount of the transactions and the amount of
outstanding balances during the year.
2008 2007
Balance at
31 December
Highest
amounts
outstanding
during year
Balance at
31 December
Highest
amounts
outstanding
during year
US$000 US$000 US$000 US$000
Key Management Personnel and their related parties
Loans ............................................................................. 216,983 474,115 325,648 804,845
Credit cards ................................................................... 400 933 323 1,077
Guarantees .................................................................... 25,249 42,178 27,044 30,317
Some of the transactions were connected transactions, as defined by the Rules Governing The Listing of Securities on
The Stock Exchange of Hong Kong Limited but were exempt from any disclosure requirements under the provisions
of those Rules.
The above transactions were made in the ordinary course of business and on substantially the same terms, including
interest rates and security, as for comparable transactions with persons of a similar standing or, where applicable,
with other employees. The transactions did not involve more than the normal risk of repayment or present other
unfavourable features.
Shareholdings, options and other securities of Directors and other Key Management Personnel
At 31 December
2008
(000s)
2007
(000s)
Number of options held over HSBC Holdings ordinary shares made under employee
share plans ..................................................................................................................................... 943 36
Number of HSBC Holdings ordinary shares held beneficially and non-beneficially ....................... 16,733 12,358
Number of HSBC Holdings preference shares held beneficially and non-beneficially ................... 8 8
Number of HSBC Holdings 8.125% Perpetual Subordinated Capital Securities held
beneficially and non-beneficially .................................................................................................. 21 –
17,705 12,402