HSBC is committed to high standards of corporate governance. HSBC has complied during 2012
with the applicable code provisions of: (i) The UK Corporate Governance Code issued by the Financial Reporting Council; (ii) the Code on Corporate Governance Practices set out in Appendix 14 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, from 1 January 2012 until its amendment and replacement by the Hong Kong Corporate Governance Code on 1 April 2012; and (iii) the Hong Kong Corporate Governance Code from 1 April 2012 to 31 December 2012.
The Board has adopted a code of conduct for transactions in HSBC Group securities by Directors. The code of conduct complies with The Model Code in the Listing Rules of the FSA and with The Model Code for Securities Transactions by Directors of Listed Issuers ('Hong Kong Model Code') set out in the Rules Governing the Listing of Securities on The
Stock Exchange of Hong Kong Limited, save that The Stock Exchange of Hong Kong Limited has granted certain waivers from strict compliance with the Hong Kong Model Code. The waivers granted by The Stock Exchange of Hong Kong Limited primarily take into account accepted practices in the UK, particularly in respect of employee share plans.
Further details are available on the Corporate governance codes page.
The Board has appointed a number of committees consisting of certain Directors, Group Managing Directors and certain co-opted non-director members.
The Directors are responsible for internal control in HSBC and for reviewing its effectiveness.
HSBC reviews constantly its policies and procedures for safeguarding its operations and reputation.
HSBC has high standards of corporate governance and complies with the applicable code provisions of the UK Financial Services Authority and the Stock Exchange of Hong Kong.
HSBC’s senior financial officers are subject to and have to comply with a set of principles governing honest and ethical conduct.
Employee share plans help align the interests of staff with those of shareholders.
HSBC is committed to managing all health and safety risks associated with its business. HSBC's objectives are to identify, remove or reduce such risks to employees and visitors.
A list of HSBC Group entities that have received Patriot Act certification.
Releases and filings