HSBC 2015 Annual Report Download - page 319

HSBC HOLDINGS PLC
317
Strategic Report Financial Review Corporate Governance Financial Statements Shareholder Information
Group long-term incentive scorecard
The measures and weightings of the performance
measures to apply to the long-term incentives for Stuart
Gulliver, Iain Mackay and Marc Moses are given below. The
first grant will be in March 2017, as such the performance
period will run from 1 January 2017 to 31 December 2019.
As the performance period does not start until 1 January
2017, the performance targets for this award have not yet
been set. The targets set will be disclosed in the Directors’
Remuneration Report in the Annual Report and Accounts
2016.
Measures Description Weighting
Return on equity • Target strongly aligned to the business strategy and a primary
financial goal of the Group based on expected capital requirements
20%
Cost efficiency (jaws) • Focuses management on driving revenue growth while managing
operating expense
20%
Relative total shareholder return • Ensures alignment with shareholder value creation
• Measured by ranking against a global financial services peer group
20%
Total
f
inancial outcomes 60%
Global Standards including risk and
compliance
• Successfully embed Global Standards across the Group 25%
Strategy • Progress on Group strategic objectives 15%
Total risk 40%
Total2 100%
1 Adjusted to exclude movements in fair value of own debt attributable to credit spread, the gains and losses from disposals and the debit valuation
adjustment.
2 Eligibility for an annual incentive and long-term incentive award requires confirmation of adherence to HSBC Values through a minimum behavioural
rating.
Implementation of remuneration policy in
2016 for non-executive Directors
The Committee has reviewed the fee levels payable to the
non-executive Directors. No changes have been made to
the fees for 2016.
Category Current
Base fee £95,000
Senior Independent Director £45,000
Audit, Risk, Remuneration, Financial System Vulnerabilities Committee and Conduct
&
Values
Committee
Chairman £50,000
Member £30,000
Nomination Committee Chairman £40,000
Member £25,000
Philanthropic & Community Investment Oversight Committee Chairman £25,000
Member £15,000