Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 147

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 147
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 Mohamed and Diane&#8217;s significant contributions to Barclays during their respective tenures, and for Diane&#8217;s continued role on one of the Group&#8217;s important subsidiary boards. Neither Mohamed nor Diane raised any concerns about the operation of the Board or management. Following Diane&#8217;s retirement as Chair of BX, Brian Shea succeeded Diane as Chair of the BX Board with effect from 1 February 2025. Brian joined both the Board and the BX Board in July 2024, bringing with him deep experience in financial services, including in the areas of operations, technology and transformation, and US regulation, developed during his executive and non- executive career which extends to over 40 years in the financial services industry. These attributes make him well placed to take up the BX Board Chair role. In addition, with effect from 31 January 2025, Nigel Higgins was appointed as an additional member of the Board Remuneration Committee, having regularly attended meetings of that Committee during 2024. Board size As at 31 December 2024, the size of the Board was 13. Following Diane Schueneman's retirement from the Board with effect from 31 January 2025, the size of the Board reduced to 12. The Committee considers that the size of the Board contributes to its effectiveness. Continuing to review the optimal size of the Board is an important part of the Committee&#8217;s medium and longer-term succession planning. As part of this, the Committee takes into account the need for the Board to be small enough to operate in an efficient and collaborative manner yet large enough to ensure an appropriate mix of skills and diversity, to support succession planning and to accommodate the additional roles and responsibilities of some of our Directors on Board Committees, and as members of the Boards of BBPLC, BBUKPLC, Barclays Europe, Barclays US LLC, BX and other Group subsidiaries. Board composition as at 31 December 20241 Length of tenure (Chairman and Non-Executive Directors) (number of Directors) 0-3 years 3-6 years 6-9 years 9+ years2 4 4 2 1 International experience3,4 (number of Directors) UK US Rest of the World 13 7 7 Industry and leadership experience3 (number of Directors) 13 13 10 5 2 Notes: 1 Diane Schueneman retired as a Non-Executive Director with effect from 31 January 2025. 2 Please refer