HSBC under fire over ‘guaranteed bonus’ scheme

Shareholder advisory group says it can offer only ‘qualified support’ for bank’s pay policy

HSBC has been criticised for continuing to offer a controversial “guaranteed bonus” scheme that will be part of a pay policy due to be put to a shareholder vote next week.

The influential shareholder advisory group ISS voiced concerns over the pay arrangements, describing guaranteed bonuses as a “problematic issue” and saying that HSBC has so far failed to provide clear guidelines on how or why they are earned.

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From our friends over at the : Business | The Guardian

 

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