Pay is not the only thing HSBC investors will challenge executives over at Friday's annual meeting in London, calls for reassurance on dividends, Chinese expansion and succession planning are all set to feature.
Concerns about moving to Asia, which dominated last year's event, have been replaced by a litany of fresh worries, topped by fears about whether an 8% dividend yield can be sustained as the global economy stalls.
"Owners of the stock need to be aware that there is a very high probability that HSBC is going to have to cut its dividend in the next 12 to 18 months," said Ian Tabberer, a fund manager at Henderson Global Investors, which holds HSBC shares.
"They (HSBC) appear to jump head first into markets where supply of capital is increasing, the price they can fetch comes down and they end up hurting themselves," he said, referring to a push into mainland China, under HSBC's "Asia Pivot" strategy.
Chief executive Stuart Gulliver and Chairman Douglas Flint are both big believers in the potential of China's Pearl River Delta - home to 11 industrial cities set to fuse into one megopolis - but the big pay-off may not come until long after they have left the bank, analysts warn.
Other investors question whether this capital-intensive expansion should be halted until HSBC completes its exit from Brazil, quells worries about its main capital ratio and cuts its compliance bill, which is set to peak in 2016.
Such concerns mean shareholders, reeling from a 25% fall in HSBC's share price over the last year, have given a proposal to buy back shares a lukewarm reception, citing a weak revenue outlook and fears that HSBC's management has run out of ideas to support short-term growth.
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Concerns about moving to Asia, which dominated last year's event, have been replaced by a litany of fresh worries, topped by fears about whether an 8% dividend yield can be sustained as the global economy stalls.
"Owners of the stock need to be aware that there is a very high probability that HSBC is going to have to cut its dividend in the next 12 to 18 months," said Ian Tabberer, a fund manager at Henderson Global Investors, which holds HSBC shares.
"They (HSBC) appear to jump head first into markets where supply of capital is increasing, the price they can fetch comes down and they end up hurting themselves," he said, referring to a push into mainland China, under HSBC's "Asia Pivot" strategy.
Chief executive Stuart Gulliver and Chairman Douglas Flint are both big believers in the potential of China's Pearl River Delta - home to 11 industrial cities set to fuse into one megopolis - but the big pay-off may not come until long after they have left the bank, analysts warn.
Other investors question whether this capital-intensive expansion should be halted until HSBC completes its exit from Brazil, quells worries about its main capital ratio and cuts its compliance bill, which is set to peak in 2016.
Such concerns mean shareholders, reeling from a 25% fall in HSBC's share price over the last year, have given a proposal to buy back shares a lukewarm reception, citing a weak revenue outlook and fears that HSBC's management has run out of ideas to support short-term growth.
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