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Essay / Research Paper Abstract
This 5 page paper looks at the way corporate governance is undertaken in the HSBC group, looking at the way communications take place with shareholders, internal controls and the use of committees. The paper then makes recommendations for the improvement of corporate governance at HSBC. The bibliography cites 3 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEHSBCcorgov.rtf
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Unformatted sample text from the term paper:
a wide range of stakeholders, here corporate governance practices. However, it is only by looking at the practices that are in place that areas of improvement can be identified.
The first area of consideration can be the way that communication takes place with shareholders. The bank states that communications with shareholders are a high priority (HSBC, 2009). The
first form of communication is with the annual report. The company produces an annual report and annual review, as well as an interim report; these are sent to the shareholders
as well as made available online at the company web site (HSBC, 2009). The communication does not stop here, while it is not viable or advisable for a firm
to talk to all of the shareholders, HSBC does state that they undertake a regular dialogue with institutional shareholders, and will deal with individual shareholder enquires in an informative and
timely manner (HSBC, 2009). There is also the annual general meeting, which is held each year in Hong Kong. Shareholders have one vote per share. However, it is worth
noting that there are some large institutional shareholdings in this bank, for example Legal and general, the insurance company owns just under 4% of the bank. With a large
number of shareholders the individuals, even the individual institutional investors are unlikely to be heard. It has been speculated that there are shareholder concerns at the current time over capital
and the need of the bank to raise more capital, but this is being kept relatively quiet and as HSBC is one of the few banks that has not yet
asked shareholders or governments for more capital (Klienman, 2009). There is a nominating/corporate governance committee that is made up mainly of directors that
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