HSBC 2003 Annual Report Download - page 225

Audited information
223
Directors’ emoluments
The emoluments of the Directors of HSBC Holdings for 2003 were as follows:
Fees
Salary and
other
remuneration
Benefits
in kind
1
Bonuses2Total
2003
Total
2002
£000 £000 £000 £000 £000 £000
Executive Directors
W F Aldinger3................................... – 431 65 1,686 2,182 –
Sir John Bond ................................... 35 1,007 5 1,100 2,147 1,885
C F W de Croisset ............................ 35 382 – 917 1,334 609
W R P Dalton ................................... 35 582 14 – 631 627
D G Eldon5 ....................................... 20 376 505 279 1,180 1,226
D J Flint ............................................ 35 564 8 450 1,057 960
S K Green ......................................... 35 551 1 650 1,237 965
AW Jebson ....................................... 35 472 1 450 958 648
Sir Keith Whitson6 ............................ 15 358 10 500 883 2,170
Non-executive Directors
Lord Butler ....................................... 45 – – – 45 40
R K F Ch’ ien ..................................... 159 – – – 159 167
Baroness Dunn ................................. 35 – – – 35 35
W K L Fung ..................................... 65 – – – 65 61
S Hintze ............................................ 35 – – – 35 35
Sir John Kemp-Welch ...................... 55 – – – 55 48
Lord Marshall ................................... 35 – – – 35 45
Sir Brian Moffat ............................... 50 – – – 50 45
Sir Mark Moody-Stuart .................... 50 – – – 50 40
S W Newton ..................................... 35 – – – 35 9
H Sohmen.......................................... 25 – – – 25 27
C S Taylor ......................................... 64 – – – 64 17
Sir Brian Williamson......................... 35 – – – 35 9
Total ................................................. 933 4,723 609 6,032 12,297 9,716
Total (US$000) ................................. 1,525 7,717 995 9,856 20,093 14,579
1 Benefits in kind for executive Directors include provision of company car, medical insurance, other insurance cover and travel
assistance.
2 These discretionary bonuses are in respect of 2003 and will be paid in 2004. W F Aldinger’s guaranteed minimum bonus of
US$4,000,000 has been prorated in respect of the period from 25 April 2003 (the date of his appointment) to 31 December 2003.
3 Appointed on 25 April 2003. W F Aldinger has elected to waive any fees payable to him by HSBC Holdings – 2003: £23,300.
4 In return for the prior waiver of bonus, the employer contribution into the pension scheme has been increased by the amount of
£1,250,000 (2002: £400,000) which would otherwise have been paid.
5 The emoluments of D G Eldon include housing and other expatriate benefits in kind that are normal within the location in which he is
employed.
6 Retired on 30 May 2003.
7 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 Limited.
8 Includes fee as a non-executive Director of The Hongkong and Shanghai Banking Corporation Limited.
9 Fees as a non-executive Director and member of the Audit Committee of The Hongkong and Shanghai Banking Corporation Limited.
H Sohmen has elected to waive any fees payable to him by HSBC Holdings – 2003: £35,000 (2002: £35,000).
10 Includes fee as a non-executive Director of HSBC Bank USA.