HSBC broke best practice on Aldinger

By Jim Armitage
Updated: 00:00 BST, 2 June 2003

?

BANKING group HSBC 違反d 在庫／株 交流 推薦s in the way its board 認可するd a £35m 支払う／賃金 一括 for its new US-based director.

によれば best practice 原則s for UK-名簿（に載せる）／表（にあげる）d companies, (n)役員／(a)執行力のある directors' 支払う／賃金 取引，協定s must be 査定する／（税金などを）課すd and 認可するd by the remuneration 委員会 独立して of the (n)役員／(a)執行力のあるs.

Such practice, 始める，決める in 石／投石する in most boardrooms, 妨げるs the perception of 非，不，無-(n)役員／(a)執行力のあるs 存在 steamrollered into 認可するing 支払う／賃金 一括s 押し進めるd by powerful personalities on the (n)役員／(a)執行力のある board.

But chairman Sir John 社債 said the directors had decided together in setting 支払う／賃金 for William F Aldinger III. There was no separate 是認 from 非，不，無-(n)役員／(a)執行力のあるs on its remuneration 委員会. The 一括, which 含むs a 可能性のある £20m payout should Aldinger be 解雇（する）d, ran into 猛烈な／残忍な 対立 at the bank's 年次の general 会合 on Friday.

社債's admission 刺激するd fresh 怒らせる from the 影響力のある 年金s 投資 研究 顧問s, which has already branded Aldinger's 取引，協定 as 'outrageous'.

It wants boards to 可決する・採択する the 連合させるd Code of 行為／行う for 株式市場-引用するd companies, 設立するd after the Greenbury, Cadbury and Hampel 委員会s on 法人組織の／企業の governance best practice. 'HSBC is 明確に in technical 違反 of Greenbury and the 連合させるd Code,' said Pirc managing director Alan McDougall.

Pirc was おもに 責任がある the large 抗議する 投票（する） at the 年次の 会合 against Aldinger's 任命 to the HSBC board.

Aldinger's 支払う／賃金 should have 避けるd the 独立した・無所属 scrutiny of the remuneration 委員会 only if he were not to be given a position on the HSBC board, Pirc said.

一方／合間, HONG KONG's 主要な 株主 行動主義者 has criticised 策略 used by HSBC to help it 鎮圧する a 反乱 over Aldinger's 支払う／賃金 一括 at its 年次の general 会合.

David Webb said the bank's direct ロビーing of its 50 largest 株主s ahead of Friday's 投票（する） on Aldinger's re-選挙 to the board was wrong. Webb was recently elected to the board of Hong Kong 交流s & （疑いを）晴らすing, the 領土's 連合させるd 在庫／株 交流, 未来s 交流 and 安全s （疑いを）晴らすing company.

His comments put him at 半端物s with the largest 名簿（に載せる）／表（にあげる）d company in Hong Kong, where HSBC's 名簿（に載せる）／表（にあげる）ing accounts for abo ut a third of the Hang Seng 索引's 負わせるing. Ahead of the 会合, HSBC 報道によれば wrote to its 50 largest institutional 株主s, setting out the 合理的な／理性的な for Aldinger's 補償（金）.

'I think that is rather 不適切な behaviour: if they've got something to say to 株主s they should say it to all the 株主s in one go,' Webb, a former City financier, said today.

Webb, who was unable to …に出席する the London 会合, had 勧めるd 株主s to …に反対する both Aldinger's re-選挙 and the remuneration 報告（する）／憶測. He 述べるd his 補償（金）, which 含むd an 付加 $20.3m (£12.4m) when 世帯 was bought by HSBC, as obscene. Webb said HSBC should have sent a circular to all 株主s. A 広報担当者 for HSBC in Hong Kong 拒絶する／低下するd to comment.