HSBC Holdings (GB:HSBA) has released an update.
HSBC Holdings PLC has established a Group Remuneration Committee responsible for overseeing the company’s remuneration framework, ensuring it aligns with regulatory requirements, company values, and stakeholders’ interests. The Committee, consisting of independent non-executive directors, also oversees the pay of senior executives and ensures that the remuneration practices are fair and unbiased. They hold regular meetings to discuss and approve various remuneration-related policies and are integral in aligning pay with the company’s long-term strategy and risk management.
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