REG - HSBC Holdings PLC - Changes to Board and Committee Composition

HSBC HoldingsAnnouncement

06/12/2023 10:15

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RNS Number : 8615V  HSBC Holdings PLC  06 December 2023

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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 (mailto:investorrelations@hsbc.com)

 

Media enquiries to:

Kirsten Smart                            +44 7725
733 311        pressoffice@hsbc.com (mailto: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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