LONDON, May 14 (Reuters) - HSBC's remunerationcommittee said any share-based bonus for Chairman Douglas Flintthis year would be capped at 1 million pounds ($1.7 million) andit would be a "one off" to reflect his increased workload onregulatory issues.
Under new pay proposals set out earlier this year HSBC couldhave awarded Flint up to 2.25 million pounds under itsperformance share plan. It was part of changes to executive paybrought in by the bank to meet new EU rules that cap bonuses.
HSBC said Simon Robertson, chairman of the bank'sremuneration committee, had met shareholders to discuss thechanges ahead of the bank's annual shareholder meeting on May23. ($1 = 0.5960 British Pounds) (Reporting by Steve Slater; Editing by Chris Vellacott)
HSBC Holdings (HSBA)