HSBC 2015 Annual Report Download - page 320

Directors’ Remuneration Report (continued)
Appendix
HSBC HOLDINGS PLC
318
Appendix to Directors’ Remuneration Report
Additional disclosures
This appendix provides disclosures required under the Hong Kong Ordinances, Hong Kong Listing Rules, Project Merlin
agreement, Financial Conduct Authority’s Prudential Sourcebook for Banks and the US Securities and Exchange Commission
Form 20-F disclosures.
Employee compensation and benefits
Emoluments of Directors
Set out below are details of emoluments paid to executive Directors for the year ended 31 December 2015.
Douglas Flint Stuart Gulliver Iain Mackay Marc Moses
2015 2014 2015 2014 2015 2014 2015 2014
£000 £000 £000 £000 £000 £000 £000 £000
Basic salaries, allowances and benefits in kind 2,496 2,491 4,290 4,217 2,082 2,071 2,035 2,039
Pension contributions
–
–
–
–
–
–
–
–
Performance-related pay paid or receivable
–
–
3,041 3,402 2,169 1,998 1,928 2,164
Inducements to join paid or receivable
–
–
–
–
–
–
–
–
Compensation for loss of office
–
–
–
–
–
–
–
–
Total 2,496 2,491 7,331 7,619 4,251 4,069 3,963 4,203
Total ($000) 3,815 4,101 11,204 12,545 6,497 6,700 6,057 6,922
The aggregate amount of Directors emoluments as defined above (including both executive Directors and non-executive
Directors) for the year ended 2015 was $33,182,072. Additionally, the aggregate amount of payments in relation to notional
return on deferred cash for the year ended 2015 was $29,339. As per policy, benefits in kind may include, but are not limited
to, the provision of medical insurance, income protection insurance, health assessment, life assurance, club membership, tax
assistance, Hong Kong accommodation for Stuart Gulliver, car benefit, travel assistance, and relocation costs (including any tax
due on the benefit, where applicable). Amounts are converted into US dollars based on the average year-to-date exchange
rates for the respective year.
Emoluments of senior management
Set out below are details of emoluments paid to senior management (being executive Directors and Group Managing Directors
of HSBC Holdings) for the year ended 31 December 2015 or for the period of appointment as a Director or Group Managing
Director.
Emoluments of senior management
Senior
management
£000
Basic salaries, allowances and benefits in kind 31,713
Pension contributions 408
Performance-related pay paid or receivable 26,858
Inducements to join paid or receivable
–
Compensation for loss of office
–
Total 58,979
Total ($000) 90,142
The aggregate emoluments of senior management for the year ended 31 December 2015 was $89,415,897. The emoluments
of senior management were within the following bands:
Number of
senior
management
£0
–
£1,000,000 5
£1,000,001
–
£2,000,000 1
£2,000,001
–
£3,000,000 5
£3,000,001
–
£4,000,000 1
£4,000,001
–
£5,000,000 2
£5,000,001
–
£6,000,000 2
£6,000,001
–
£7,000,000 1
£7,000,001
–
£8,000,000 1
The aggregate amount set aside or accrued to provide pension, retirement or similar benefits for executive Directors and
senior management for the year ended 31 December 2015 was $624,072.