FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
For the
month of July
HSBC Holdings plc
42nd
Floor, 8 Canada Square, London E14 5HQ, England
(Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F).
Form
20-F X Form 40-F
(Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934).
Yes
No X
(If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
).
HSBC HOLDINGS PLC
CHANGES TO BOARD AND COMMITTEE COMPOSITION
HSBC Holdings plc (the 'Company') has today announced the
appointment of Eileen K Murray (62) as an independent non-executive
Director of the Company. The appointment will take effect from
1 July 2020. She will also be appointed as a member of the
Group Audit Committee, Group Risk Committee and the Nomination
& Corporate Governance Committee.
Ms Murray is an accomplished executive with over 40 years of
experience in financial services. She was recently elected
designate Chair of the Financial Industry Regulatory Authority
('FINRA'), a self-regulating organisation for US financial
securities firms. She most recently served as Co-CEO of Bridgewater
Associates, LP ('Bridgewater'). Prior to joining Bridgewater, she
was Chief Executive Officer for Investment Risk Management LLC and
President and Co-CEO of Duff Capital Advisors.
Ms Murray launched her professional career in 1984 at Morgan
Stanley, where she held several senior positions including
Controller, Treasurer, and Global Head of Technology and
Operations, as well as Chief Operating Officer for the firm's
Institutional Securities Group. From 2002 to 2005, she was Head of
Global Technology, Operations and Product Control at Credit Suisse
and served on the firm's management and executive
board.
Commenting on the appointment, HSBC's Group Chairman, Mark Tucker,
said: "I am absolutely delighted to welcome Eileen. Her wealth of
experience across banking and finance, together with her extensive
knowledge of financial technologies and corporate strategy, will
bring an invaluable perspective to the Board."
The Directors have determined that Ms Murray is independent. In
making that determination, the Directors have concluded that there
are no other relationships or circumstances which are likely to
affect her judgement and that any relationships or circumstances
which could appear to do so were not considered to be
material.
For and on behalf of
HSBC Holdings plc
Aileen Taylor
Group Company Secretary and Chief Governance Officer
Media enquiries to:
Heidi
Ashley
+44 (0) 20 7992 2045
Supplementary information:
As an independent non-executive Director, Ms Murray will not have a
service contract with HSBC Holdings plc and will be paid total fees
of £244,000 per annum pursuant to the Directors' remuneration
policy approved by shareholders at the 2019 Annual General Meeting.
The total per annum fees consist of: £127,000 for her role as
independent non-executive Director, £40,000 as a member of the
Group Audit Committee, £40,000 as a member of the Group Risk
Committee, £33,000 as a member of the Nomination &
Corporate Governance Committee and a £4,000 Travel
Allowance.
Ms Murray's appointment as a Director of HSBC Holdings plc is
subject to election by shareholders at the 2021 Annual General
Meeting ('AGM') and annual re-election thereafter. Her initial
three-year term will run from her initial election, if successful,
until the 2024 AGM.
Ms Murray has not held any directorships in any other publicly
listed companies, whether in London, Hong Kong or overseas, during
the previous five years and she does not have any relationship with
any directors, senior management, substantial or controlling
shareholders of the Company. She does not have any interests in the
shares of the Company within the meaning of Part XV of the
Securities and Futures Ordinance.
There are no matters relating to the appointment of Ms Murray that
need to be disclosed pursuant to Listing Rule 9.6.13(2) to (6) of
the Listing Rules of the Financial Conduct Authority. 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.
Notes to editors:
1. Professional qualifications of Ms Murray
Bachelor of Science in Accounting. Manhattan College,
1980.
2. The Board of Directors of HSBC Holdings plc as at the date of
this announcement is:
Mark Tucker*, Noel Quinn, Laura Cha†, Henri de
Castries†, James Anthony Forese†, Steven
Guggenheimer†, Irene Lee†, José Antonio Meade
Kuribreña†, Heidi Miller†, Eileen K Murray†,
David Nish†, Ewen Stevenson, Jackson Tai† and Pauline
van der Meer Mohr†.
* Non-executive Group Chairman
† Independent non-executive Director
3. The HSBC Group
HSBC Holdings plc, the parent company of HSBC, is headquartered in
London. HSBC serves customers worldwide from offices in 64
countries and territories in its geographical regions: Europe,
Asia, North America, Latin America, and Middle East and North
Africa. With assets of US$2,918bn at 31 March 2020, HSBC is
one of the world's largest banking and financial services
organisations.
ends/all
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
HSBC
Holdings plc
|
|
|
|
By:
|
|
Name:
Aileen Taylor
|
|
Title:
Group Company Secretary and Chief Governance Officer
|
|
|
|
Date:
01 July
2020
|