We have an unwavering commitment to operating at high standards in every jurisdiction. Any lapse in standards of integrity, compliance, customer service or operating efficiency represents a potential reputational risk.
What is reputational risk?
Reputational risk is the risk of failure to meet stakeholder expectations as a result of any event, behaviour, action or inaction, either by HSBC itself, our employees or those with whom we are associated, that may cause stakeholders to form a negative view of the Group.
How do we manage reputational risk?
Our reputational risk management framework sets out the Group’s risk appetite and the responsibilities and procedures for identifying, assessing and escalating reputational risks. Our policies ensure reputational risk matters are managed in a globally consistent manner and align with the Group’s strategic priorities. They also define the control and oversight standards to effectively manage reputational risk and are supported by procedures across our global businesses and functions.
What is our governance around reputational risk management?
The governance of our reputational risk management is integrated into the Group’s broader risk governance framework. There are currently three risk stewards for reputational risk: the Group Head of Communications, the Global Head of Financial Crime Compliance and the Global Head of Regulatory Compliance. The Group Reputational Risk Committee, chaired by the Group Chief Risk Officer, is the formal governance committee established to provide recommendations and advice to the Group’s senior management on reputational risk and customer selection matters that either present a serious potential reputational risk to HSBC, or merit a Group-led decision.
Formal governance committees exist at global, regional and/or country levels across the Group’s global businesses to provide recommendations and advice on customers/transactions and non-customers (e.g. third parties) and wider reputational risks.
The Board has appointed a number of committees consisting of certain Directors and co-opted non-director members.
Find out more about our Board of Directors and senior management team.
Statement of anti-bribery principlesThe HSBC Group is committed to preventing bribery. Read about our Group Business Policy and Principles for Countering Bribery.
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