HSBC Holdings PLC Changes to Board and Committee Composition (8615V)
December 06 2023 - 5:01AM
UK Regulatory
TIDMHSBA
RNS Number : 8615V
HSBC Holdings PLC
06 December 2023
6 December 2023
HSBC HOLDINGS PLC
CHANGES TO BOARD AND COMMITTEE COMPOSITION
HSBC Holdings plc (the 'Company') has today announced that:
-- Mr David Nish has confirmed that he plans to retire from the
Board and will not stand for re-election at the Company's 2024
Annual General Meeting ('AGM') to be held on 3 May 2024;
-- Mr Brendan Nelson will be appointed as Chair of the Group
Audit Committee ('GAC') with effect from 21 February 2024; and
-- Ms Ann Godbehere will be appointed as Senior Independent
Director ('SID') with effect from the conclusion of the Company's
2024 AGM.
Ms Godbehere and Mr Nelson will succeed Mr Nish, who currently
serves as SID and Chair of the GAC and is retiring from the Board
immediately following the 2024 AGM. The appointments remain subject
to regulatory approval.
HSBC's Group Chairman, Mark Tucker, said:
"On behalf of the Board, I would like to thank David for his
significant commitment and invaluable contribution to the Board
over the past 8 years, particularly in recent years as Chair of the
Group Audit Committee and Senior Independent Director, and thank
him for the thoughtful guidance provided to me and my fellow
Directors."
"Ann and Brendan are two highly experienced individuals. I am
very grateful that they have agreed to take on these additional
responsibilities. Ann's extensive large, public listed company
board experience make her ideally placed for the role of Senior
Independent Director. Brendan's UK and international financial
expertise and significant experience as audit chair at UK-listed
companies, will be particularly valuable in the leadership of the
Group Audit Committee."
For and on behalf of
HSBC Holdings plc
Aileen Taylor
Group Company Secretary and Chief Governance Officer
Investor enquiries to:
Richard O'Connor +44 (0) 20 7991 6590 investorrelations@hsbc.com
Media enquiries to:
Kirsten Smart +44 7725 733 311 pressoffice@hsbc.com
Supplementary Information:
There are no matters relating to the retirement of Mr David Nish
that need to be brought to the attention of the shareholders of the
Company.
For the purposes of section 430(2B) of the Companies Act 2006,
Mr David Nish will receive his pro rata entitlement to
non-executive Director fees for the month of May 2024 and is not
entitled to any payments for loss of office.
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.
Note to editors:
1. The Board of Directors of HSBC Holdings plc as at the date of
this announcement is:
Mark Tucker*, Noel Quinn, Geraldine Buckingham , Rachel Duan ,
Georges Elhedery, Carolyn Julie Fairbairn , James Anthony Forese ,
Ann Godbehere , Steven Guggenheimer , José Antonio Meade Kuribreña
, Kalpana Morparia , Eileen K Murray , Brendan Nelson , David Nish
and Swee Lian Teo .
* Non-executive Group Chairman
Independent non-executive Director
2. HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered
in London. HSBC serves customers worldwide from offices in 62
countries and territories. With assets of US$3,021bn at 30
September 2023, HSBC is one of the world's largest banking and
financial services organisations.
ends/all
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END
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