HSBC Holdings announced that its Group Risk Management Committee Board of Directors approved its mandate on June 20, 2024. The committee is responsible for overseeing risk-related matters, including financial and non-financial risks, and providing advice to the Board of Directors. The committee will have at least three members, all of whom are independent non-executive directors appointed by the Board of Directors Chairman. The committee will hold regular meetings and will be attended by the Group Company Secretary and the Chief Governance Officer as secretaries. The Chairman is responsible for ensuring that the committee has the information necessary to fulfill its responsibilities and facilitating the smooth operation of the committee's work. The committee's responsibilities are extensive, including monitoring...Show More

HSBC Holdings announced that its Group Risk Management Committee Board of Directors approved its mandate on June 20, 2024. The committee is responsible for overseeing risk-related matters, including financial and non-financial risks, and providing advice to the Board of Directors. The committee will have at least three members, all of whom are independent non-executive directors appointed by the Board of Directors Chairman. The committee will hold regular meetings and will be attended by the Group Company Secretary and the Chief Governance Officer as secretaries. The Chairman is responsible for ensuring that the committee has the information necessary to fulfill its responsibilities and facilitating the smooth operation of the committee's work. The committee's responsibilities are extensive, including monitoring risk management, reviewing risk management reports, reviewing the risk-taking level, conducting stress tests, assessing the corporate risk management framework and internal monitoring system, and monitoring the effectiveness and independence of the Group Risk Management Director. In addition, the committee will review the reports of external auditors and review the content of risk management in the annual report. The committee will work with the risk management committees of the Group's major subsidiary companies and consider external opinions on risk management matters.