Group Management Board
The GMB meets frequently and exercises the powers, authorities and discretions of the Board in so far as they concern the management and day-to-day running of HSBC Holdings.
The GMB is a key element of our management reporting and control structure such that all of our line operations are accountable either to a member of the GMB or directly to the Group Chief Executive, who in turn reports to the Group Chairman. The Board has set objectives and measures for the GMB. These align senior executives’ objectives and measures with the strategy and operating plans throughout HSBC. The members of the GMB are S T Gulliver (Chairman), A A Flockhart and I J Mackay, who are executive Directors, and A Almeida, S Assaf, R E T Bennett, A M Keir, S A Levey, M M Moses, S P O’Sullivan, B Robertson, P A Thurston and P T S Wong, all of whom are Group Managing Directors.
Group Audit Committee
The Group Audit Committee ('GAC') has non-executive responsibility for oversight of and advice to the Board on matters relating to financial reporting. The members of the GAC are J D Coombe (Chairman), M K T Cheung, R A Fairhead and J R Lomax. All members of the Committee are independent non-executive Directors.
Group Risk Committee
The GRC is responsible for advising the Board on high-level risk-related matters and risk governance and for non-executive oversight of risk management and internal controls (other than over financial reporting). The members of the GRC are R A Fairhead (Chairman), J D Coombe, J Faber, J W J Hughes-Hallett , J P Lipsky and J R Lomax, all of whom are independent non-executive Directors.
Group Remuneration Committee
The Group Remuneration Committee is responsible for approving remuneration policy. As part of its role, it considers the terms of bonus plans, share plans, other long-term incentive plans and the individual remuneration packages of executive Directors and other senior Group employees, including all in positions of significant influence and those having an impact on our risk profile and in doing so takes into account the pay and conditions across the Group. No directors are involved in deciding their own remuneration. The members of the Group Remuneration Committee are J L Thornton (Chairman), J D Coombe, W S H Laidlaw and G Morgan.
Nomination Committee
The Nomination Committee leads the process for Board appointments, and identifies and nominates candidates, for approval by the Board, with the support of external consultants as appropriate, and satisfies itself that appropriate plans are in place for orderly succession to the Board reflecting an appropriate balance of skills and experience on the Board.
Before recommending an appointment to the Board, the Committee evaluates the balance of skills, knowledge and experience of the Board and, in light of this, and taking into account the needs of the Group’s businesses, identifies the role and capabilities required for a particular appointment. Candidates are considered on merit against these criteria. Care is taken to ensure that appointees have enough time to devote to us. Prospective Directors are asked to identify any significant other commitments and confirm they have sufficient time to discharge what is expected of them. The members of the Nomination Committee are Sir Simon Robertson (Chairman), R A Fairhead, J W J Hughes-Hallett and Sir Brian Williamson, all of whom are independent non-executive directors.
Corporate Sustainability Committee
The Corporate Sustainability Committee is responsible for overseeing the Group’s Corporate Sustainability policies (principally environmental, social and ethical matters) and for advising the Board, committees of the Board and executive management on such matters.
HSBC has a Corporate Sustainability department within Group Head Office and in each of our major regions and countries of operation. At an operational level, implementation of our sustainability policies is managed primarily by Group Corporate Sustainability, Group Human Resources and Global Risk. The members of the Corporate Sustainability Committee are N R N Murthy (Chairman), a non-executive Director, L M L Cha,a non-executive Director, G V I Davis, Lord May and Dame Mary Marsh, who are non-director members.
Downloads
- Audit Committee
(5 page pdf 45K) - Audit Committee in Chinese
(6 page pdf 102K) - Remuneration Committee
(4 page pdf 27K) - Remuneration Committee in Chinese
(4 page pdf 117K) - Nomination Committee
(3 page pdf 15K) - Nomination Committee in Chinese
(3 page pdf 79k) - Corporate Sustainability Committee
(2 page pdf 20K) - Corporate Sustainability Committee in Chinese
(2 page pdf 92K) - Group Risk Committee
(5 page pdf 46K) - Group Risk Committee in Chinese
(4 page pdf 117K) - Procedures for shareholders of HSBC Holdings plc to propose a person for election as a Director of HSBC Holdings plc (2 page pdf 19k)
- Procedures for shareholders of HSBC Holdings plc to propose a person for election as a Director of HSBC Holdings plc in Chinese (2 page pdf 72k)
