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BRIEF-HSBC Says Pension Allowance Cash In Lieu For New Executive Director Reduced To 10 Pct Of Base Salary

March 15 (Reuters) - 0005.HK:

* HSBC - FOR ANY NEW EXECUTIVE DIRECTOR, CASH IN LIEU OF PENSION ALLOWANCE WILL REDUCE TO 10% OF BASE SALARY FROM ITS CURRENT LEVEL OF 30%

* HSBC - GROUP REMUNERATION COMMITTEE HAS ENGAGED WITH A NUMBER OF ITS KEY SHAREHOLDERS REGARDING REMUNERATION POLICY FOR EXECUTIVE DIRECTORS

* HSBC - ANNOUNCING CLARIFICATION OF NEW REMUNERATION POLICY TO REDUCE EXEC DIRECTOR PENSION CONTRIBUTIONS AFTER CONSIDERING OF EMERGING MARKET PRACTICE

* HSBC-REMCO AGREED TO APPLY CHANGE TO PENSION CONTRIBUTION ELEMENT IN RESPECT OF EXISTING EXECUTIVE DIRECTORS,NEW EXECUTIVE DIRECTOR UNDER 2019 POLICY Source text for Eikon: Further company coverage: