HSBC Holdings Plc | Transparency & Accountability Resolution at HSBC Holdings Plc

Status
Filed
AGM date
Previous AGM date
Proposal number
17
Resolution details
Company ticker
HSBA
Lead filer
Midland Clawback Campaign
Resolution ask
Report on or disclose
ESG theme
  • Social
ESG sub-theme
  • Diversity, equity & inclusion (DEI)
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
United Kingdom
Resolved clause
THAT the Board of HSBC Holdings plc shall, with effect from the close of this meeting, establish and publish an annual independent review of the practice known as State Deduction (aka Clawback), including: (a) the number of pensioners currently affected; (b) the total and average annual deductions applied; (c) the gender and employment profiles of those impacted; and (d) the financial, ethical, and reputational implications of maintaining this practice. The review should engage with the committee of the Midland Clawback Campaign Group to provide costed options for reform or abolition of the clawback provisions. The Board recommendation to be disclosed in full to shareholders within the Company’s Annual Report

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