TIDMHSBA
RNS Number : 2527A
HSBC Holdings PLC
28 May 2021
28 May 2021
HSBC Holdings plc
Poll results of 2021 Annual General Meeting
and
Changes to Board and Committee Composition
1. Poll Results
Following its Annual General Meeting ("AGM") held today, HSBC
Holdings plc (the "Company") announces the results of the poll vote
for each of the resolutions set out in the Notice of AGM.
Resolutions 1 to 7, 10 and 12 were passed as ordinary
resolutions and resolutions 8, 9, 11 and 13 to 15 were passed as
special resolutions.
In line with the Board's recommendation, resolution 16 was not
passed.
The following table shows the votes cast on each resolution:
VOTES % OF VOTES % OF VOTES % OF VOTES
FOR VOTES AGAINST VOTES TOTAL ISC VOTED* WITHHELD
CAST CAST
1.To receive the
Annual Report and
Accounts 2020 8,975,639,562 98.47 139,733,519 1.53 9,115,373,081 44.63% 42,542,124
-------------- ------- -------------- ------- -------------- ------------ ------------
2.To approve the
Directors'
Remuneration
Report 8,898,898,415 97.30 246,557,676 2.70 9,145,456,091 44.77% 12,404,292
-------------- ------- -------------- ------- -------------- ------------ ------------
3.(a) To elect
James Forese
as a Director 9,001,158,881 98.39 146,846,467 1.61 9,148,005,348 44.79% 8,063,224
-------------- ------- -------------- ------- -------------- ------------ ------------
3.(b) To elect
Steven Guggenheimer
as a Director 9,001,270,911 98.39 146,863,813 1.61 9,148,134,724 44.79% 7,936,528
-------------- ------- -------------- ------- -------------- ------------ ------------
3.(c) To elect
Eileen Murray as
a Director 9,074,179,751 99.19 74,549,741 0.81 9,148,729,492 44.79% 7,340,086
-------------- ------- -------------- ------- -------------- ------------ ------------
3.(d) To re-elect
Irene Lee as
a Director 8,806,744,612 96.25 342,711,481 3.75 9,149,456,093 44.79% 6,615,719
-------------- ------- -------------- ------- -------------- ------------ ------------
3.(e) To re-elect
Dr José Antonio
Meade Kuribreña
as a Director 8,997,888,508 98.35 150,828,671 1.65 9,148,717,179 44.79% 7,352,383
-------------- ------- -------------- ------- -------------- ------------ ------------
3.(f) To re-elect
David Nish as a
Director 8,887,215,064 97.14 261,827,764 2.86 9,149,042,828 44.79% 7,026,734
-------------- ------- -------------- ------- -------------- ------------ ------------
3.(g) To re-elect
Noel Quinn as a
Director 9,115,892,860 99.63 33,640,396 0.37 9,149,533,256 44.79% 6,535,389
-------------- ------- -------------- ------- -------------- ------------ ------------
3.(h) To re-elect
Ewen Stevenson
as a Director 9,107,594,754 99.55 41,255,334 0.45 9,148,850,088 44.79% 7,218,759
-------------- ------- -------------- ------- -------------- ------------ ------------
3.(i) To re-elect
Jackson Tai
as a Director 8,971,052,787 98.06 177,893,333 1.94 9,148,946,120 44.79% 7,117,053
-------------- ------- -------------- ------- -------------- ------------ ------------
3.(j) To re-elect
Mark E Tucker as
a Director 8,755,791,196 95.70 393,741,046 4.30 9,149,532,242 44.79% 6,537,004
-------------- ------- -------------- ------- -------------- ------------ ------------
3.(k) To re-elect
Pauline van der
Meer Mohr as a
Director 8,985,364,554 98.31 154,426,855 1.69 9,139,791,409 44.75% 16,280,316
-------------- ------- -------------- ------- -------------- ------------ ------------
4. To re-appoint
PricewaterhouseCoopers
LLP as Auditor
of the Company 9,039,485,981 98.78 111,997,771 1.22 9,151,483,752 44.80% 6,362,355
-------------- ------- -------------- ------- -------------- ------------ ------------
5. To authorise
the Group Audit
Committee to determine
the remuneration
of the Auditor 9,118,334,348 99.68 29,087,713 0.32 9,147,422,061 44.78% 10,392,073
-------------- ------- -------------- ------- -------------- ------------ ------------
6. To authorise
the Company to
make political
donations 8,827,558,809 97.32 242,722,442 2.68 9,070,281,251 44.41% 87,469,065
-------------- ------- -------------- ------- -------------- ------------ ------------
7. To authorise
the Directors to
allot shares 8,736,425,791 95.47 414,575,997 4.53 9,151,001,788 44.80% 6,857,093
-------------- ------- -------------- ------- -------------- ------------ ------------
8. To disapply
pre-emption rights
(special resolution) 9,005,142,084 98.44 142,482,468 1.56 9,147,624,552 44.78% 10,217,030
-------------- ------- -------------- ------- -------------- ------------ ------------
9. To further disapply
pre-emption rights
for acquisitions
(special resolution) 8,760,225,065 95.76 387,859,876 4.24 9,148,084,941 44.79% 9,768,042
-------------- ------- -------------- ------- -------------- ------------ ------------
10. To authorise
the Directors to
allot any repurchased
shares 8,968,181,589 98.03 180,399,679 1.97 9,148,581,268 44.79% 9,281,435
-------------- ------- -------------- ------- -------------- ------------ ------------
11. To authorise
the Company to
purchase its own
ordinary shares
(special resolution) 9,008,975,373 98.90 99,910,779 1.10 9,108,886,152 44.59% 48,970,855
-------------- ------- -------------- ------- -------------- ------------ ------------
12. To authorise
the Directors to
allot equity
securities
in relation to
Contingent Convertible
Securities 8,916,564,970 97.45 232,944,859 2.55 9,149,509,829 44.79% 8,347,135
-------------- ------- -------------- ------- -------------- ------------ ------------
13. To disapply
pre-emption rights
in relation to
the issue of
Contingent
Convertible Securities
(special resolution) 8,850,179,018 96.75 297,690,677 3.25 9,147,869,695 44.79% 9,986,035
-------------- ------- -------------- ------- -------------- ------------ ------------
14. To call general
meetings (other
than an AGM) on
14 clear days'
notice (special
resolution) 8,486,756,732 92.74 664,797,296 7.26 9,151,554,028 44.80% 6,308,163
-------------- ------- -------------- ------- -------------- ------------ ------------
15. Climate change
resolution (special
resolution) 9,090,908,610 99.71 26,823,124 0.29 9,117,731,734 44.64% 40,097,856
-------------- ------- -------------- ------- -------------- ------------ ------------
16. Shareholder
requisitioned
resolution
regarding the Midland
Bank defined benefit
pension scheme
(special resolution) 409,529,723 4.53 8,623,769,555 95.47 9,033,299,278 44.22% 124,553,703
-------------- ------- -------------- ------- -------------- ------------ ------------
* based on total issued share capital (the "ISC") (excluding
325,273,407 ordinary shares held in treasury) as at 12.01am (London
time) on Thursday 27 May 2021.
2. Board & Committee Changes
Laura Cha, Henri de Castries and Heidi Miller retired from the
Board at the conclusion of the AGM. For the purposes of section
430(2B) of the Companies Act 2006, they will each receive their
pro-rata entitlement to non-executive director fees for the month
of May 2021 and are not entitled to any payments for loss of
office.
The following changes to the Committee structure took effect
from the conclusion of the AGM:
-- Laura Cha, Henri de Castries and Heidi Miller stepped down
from the Committees of which they were members following their
retirement from the Board;
-- Eileen Murray stepped down as a member of the Group Audit Committee;
-- Pauline van der Meer Mohr stepped down as a member of the Group Risk Committee;
-- Irene Lee stepped down as a member of the Group Remuneration Committee; and
-- Dr José Antonio Meade Kuribreña was appointed as an
additional member of the Group Remuneration Committee.
Accordingly, at the conclusion of the 2021 AGM, the composition
of the principal Board committees will be as follows:
Group Audit Committee Group Risk Committee(1) Group Remuneration Nomination & Corporate
Committee(1,2) Governance Committee(1)
David Nish (Chair) Jackson Tai (Chair) Pauline van der Mark Tucker (Chair)
James Forese Steven Guggenheimer Meer Mohr (Chair) James Forese
Jackson Tai Dr José Antonio James Forese Steven Guggenheimer
Pauline van der Meade Kuribreña Dr José Antonio Irene Lee
Meer Mohr Eileen Murray Meade Kuribreña Dr José Antonio
David Nish Meade Kuribreña
Eileen Murray
David Nish
Jackson Tai
Pauline van der
Meer Mohr
------------------------ ---------------------- -------------------------
(1) The Company announced earlier in the year that Dame Carolyn
Fairbairn and Rachel Duan will be joining the Board on 1 September
2021. They will both become members of the Group Remuneration
Committee and Nomination & Corporate Governance Committee. Dame
Carolyn Fairbairn will also become a member of the Group Risk
Committee.
(2) David Nish stepped down from the Group Remuneration Committee on 23 February 2021.
3. Other
- Computershare Investor Services PLC, the Company's Share
Registrar, acted as scrutineer of the poll on all resolutions.
- Copies of the resolutions passed at the AGM (other than
resolutions concerning ordinary business) have been submitted to
the UK Listing Authority, and will shortly be available for
inspection at the UK Listing Authority's National Storage Mechanism
which is located at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
- As at 12.01am (London time) on Thursday 27 May 2021, the total
number of issued ordinary shares of US$0.50 each entitling the
holders to attend and vote on all the resolutions at the AGM was
20,426,038,216, which excludes 325,273,407 ordinary shares held in
treasury. A 'vote withheld' is not a vote in law and is therefore
not counted in the calculation of the proportion of the votes 'for'
and 'against' a resolution.
- In accordance with Rule 13.40 of the Hong Kong Listing Rules
there were no shares entitling the holder to attend and abstain
from voting in favour of any of the resolutions. No shareholder was
required under the Hong Kong Listing Rules to abstain from
voting.
As at the time of this announcement, the following are Directors
of the Company: Mark Tucker(*) , Noel Quinn , James Anthony Forese
, Steven Guggenheimer , Irene Lee , José Antonio Meade Kuribreña ,
Eileen K Murray , David Nish , Ewen Stevenson, Jackson Tai and
Pauline van der Meer Mohr .
* Non-executive Group Chairman
Independent non-executive Director
For and on behalf of
HSBC Holdings plc
Aileen Taylor
Group Company Secretary and Chief Governance Officer
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END
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