HSBC Holdings announced on June 20, 2024 that the board of directors has authorized the Group Remuneration Committee to manage the compensation matters of the Group and its subsidiaries. The committee will review and approve the group's compensation structure and senior executive compensation, and ensure that compensation practices comply with regulatory requirements and legal provisions. The committee will consist of at least three independent non-executive directors, including at least one member of the Group Risk Management Committee. The committee will regularly review the effectiveness of the compensation structure and ensure that it aligns with the Group's business strategy, risk management, and long-term interests. In addition, the committee will supervise the compensation matters of major subsidiaries and may engage independent professional consultants to fulfill its duties.

HSBC Holdings announced on June 20, 2024 that the board of directors has authorized the Group Remuneration Committee to manage the compensation matters of the Group and its subsidiaries. The committee will review and approve the group's compensation structure and senior executive compensation, and ensure that compensation practices comply with regulatory requirements and legal provisions. The committee will consist of at least three independent non-executive directors, including at least one member of the Group Risk Management Committee. The committee will regularly review the effectiveness of the compensation structure and ensure that it aligns with the Group's business strategy, risk management, and long-term interests. In addition, the committee will supervise the compensation matters of major subsidiaries and may engage independent professional consultants to fulfill its duties.