Overview of HSBC Holding Plc
HSBC (Hong Kong and Shanghai Banking Corporation) Holding Plc is the worlds’ largest banking group and sixth world largest company according to Forbes Magazine in 2009. Now it spread its banking business all over the world. HSBC bank was funded in 1865. Now the bank has network of some 10,000 properties in 86 countries around the world. The bank employed 325,000 full time and part time employees all over the world. The bank provides comprehensive range of financial services-personal, commercial, corporate, institutional, investment and private banking clients all over the world. The bank provides financial service to 100 million customers in different regions all over the world. HSBC are held over by 210,000 shareholders in 120 countries. These shares are traded in New York Stock Exchange in the form of American Depository shares. It is listed in London, Hong Kong, New York, Paris and Bermuda stock exchanges. In 2008 the bank made revenue of $137,309,000,000 and its net profit was $6,498,000,000. In 2009 when some of the major banks in the world are in trouble HSBC remain in top form because of its strong foundation.
Ethical Issues Relating to HSBC
Rights, Conflicts and Responsibilities
Rights: HSBC is an employee friendly company. The bank is always notice to the benefit of the employees. Maintaining work, life, balance polices is the main motto of the bank. The employees are openly giving their opinion to their line manager. They can easily take part in the strategy develop meetings. The bank provides world class remuneration and training facilities to their employees. The bank is also providing share options to their employees. The employees participate in various variable play agreements. As a part of the corporate social responsibility the bank employed differently able people. These are the brief description of the rights of the HSBCs’ employees.
Conflicts: It is the right of the