TIDMHSBA
RNS Number : 7178P
HSBC Holdings PLC
19 February 2021
19 February 2021
HSBC HOLDINGS PLC
CHANGES TO BOARD AND COMMITTEE COMPOSITION
HSBC Holdings plc (the 'Company') has today announced the
appointment of Dame Carolyn Fairbairn (60) as an Independent
non-executive Director of the Company. The appointment will take
effect from 1 September 2021. She will also be appointed as a
member of the Group Remuneration Committee, Group Risk Committee
and the Nomination & Corporate Governance Committee.
Dame Carolyn is a highly regarded business leader with a deep
understanding of the macro economic and political environment. She
has strong experience in media, government and finance. In addition
to her most recent role as the Director-General of the
Confederation of British Industry, which she held from 2015 to
2020, she has extensive FTSE board experience, including as
non-executive Director of Lloyds Banking Group plc, The Vitec Group
plc, and Capita plc. She has also previously served as a
non-executive Director of the UK Competition and Markets Authority
and the Financial Services Authority.
Dame Carolyn holds a BA in Economics from Cambridge University,
an MA in International Relations from the University of
Pennsylvania and an MBA with distinction from INSEAD.
Commenting on the appointment, HSBC's Group Chairman, Mark
Tucker, said:
"Carolyn has had an exceptional career across numerous
industries, both as an executive and non-executive. With the CBI,
she demonstrated her ability to navigate and influence various
stakeholder groups. This will be of great value to the Board in the
increasingly uncertain environment we operate in today.
We look forward to her joining the Board later in the year and
the insights and fresh perspectives she will bring to our Board
discussions."
The Directors have determined that Dame Carolyn is independent.
In making that determination, the Directors have concluded that
there are no other relationships or circumstances which are likely
to affect her judgement and that any relationships or circumstances
which could appear to do so were not considered to be material.
For and on behalf of
HSBC Holdings plc
Aileen Taylor
Group Company Secretary and Chief Governance Officer
Media enquiries to:
Heidi Ashley
+44 (0) 20 7992 2045
heidi.ashley@hsbc.com
Supplementary Information:
As an Independent non-executive Director, Dame Carolyn will not
have a service contract with the Company and will be paid total
fees of GBP244,000 per annum pursuant to the Directors'
remuneration policy approved by shareholders at the 2019 Annual
General Meeting (AGM). The total per annum fees consist of:
GBP127,000 for her role as Independent non-executive Director,
GBP40,000 as a member of the Group Remuneration Committee,
GBP40,000 as a member of the Group Risk Committee, GBP33,000 as a
member of the Nomination & Corporate Governance Committee and a
GBP4,000 Travel Allowance.
Dame Carolyn's appointment as a Director of the Company is
subject to election by shareholders at the 2022 AGM and annual
re-election thereafter. Her initial three-year term will run from
her initial election, if successful, until the 2025 AGM.
On 11 February 2021, it was announced that Dame Carolyn would be
appointed non-executive Director of BAE Systems plc (London Stock
Exchange), with effect from 1 March 2021.
Save as disclosed above, Dame Carolyn has not held any
directorships in any other publicly listed companies, whether in
London, Hong Kong or overseas, during the previous five years. She
does not have any relationship with any directors, senior
management, substantial or controlling shareholders of the Company.
She does not have any interests in the shares of the Company within
the meaning of Part XV of the Securities and Futures Ordinance.
There are no matters relating to the appointment of Dame Carolyn
that need to be disclosed pursuant to Listing Rule 9.6.13(2) to (6)
of the Listing Rules of the Financial Conduct Authority. Save as
disclosed above there is no other information required to be
disclosed pursuant to Rule 13.51(2) of the Rules Governing the
Listing of Securities on the Stock Exchange of the Hong Kong
Limited.
Notes to Editors:
1. Professional qualifications of Dame Carolyn
INSEAD: MBA with Distinction, University of Pennsylvania: MA
International Relations and University of Cambridge: BA Economic
Double First Class Honours .
2. The Board of Directors of HSBC Holdings plc as at the date of
this announcement is:
Mark Tucker*, Noel Quinn, Laura Cha , Henri de Castries , James
Anthony Forese , Steven Guggenheimer , Irene Lee , José Antonio
Meade Kuribreña , Heidi Miller , Eileen K Murray , David Nish ,
Ewen Stevenson, Jackson Tai and Pauline van der Meer Mohr .
* Non-executive Group Chairman
Independent non-executive Director
3. The HSBC Group
HSBC Holdings plc, the parent company of the HSBC Group, is
headquartered in London. HSBC serves customers worldwide from
offices in 64 countries and territories in our geographical
regions: Europe, Asia, North America, Latin America, and Middle
East and North Africa. With assets of US$2,956bn at 30 September
2020, HSBC is one of the world's largest banking and financial
services organisations .
ends/all
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END
BOAEAPANFAFFEEA
(END) Dow Jones Newswires
February 19, 2021 03:30 ET (08:30 GMT)
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