Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 161

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 161
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. Identify opportunities for more open and wide-ranging discussions on big picture issues. &#8226; The introduction of &#8216;letters to the Board&#8217; from the Group Chief Executive, coupled with Board dinners and regular CEO Reports to the Board, have provided the opportunity to exchange views on big picture topics. &#8226; Deep dive discussions were utilised to focus on big picture topics, including on the UK macroeconomic environment. Continue to focus on ensuring balanced papers which clearly identify substantive points and key issues for the Board&#8217;s attention. &#8226; The Group Chairman and Group Chief Executive continued working with management to ensure that substantive points and key issues for discussion by the Board are articulated clearly and concisely. Continue to identify opportunities to bring external perspectives into the Board. &#8226; External speakers were invited to join Board sessions to discuss the external landscape, including in respect of the UK and US geopolitical landscape. &#8226; The Board Sustainability Committee received an external briefing on &#8216;Business, Human Rights and the Financial Sector&#8217; and the current landscape. In 2017 to 2018 and February 2020, CSA was engaged by Barclays in an advisory capacity (alongside external legal counsel, Slaughter and May) in relation to certain legal and regulatory matters. From July 2019 to June 2021, Christopher Saul, provided mentoring support to a member of the ExCo. Whilst acting in his capacity as a partner at Slaughter and May (from which he retired in April 2016), Mr Saul gave legal advice to Barclays in relation to certain corporate law related matters. CSA and Mr Saul have no current advisory or mentoring engagements relating to Barclays, the Board or ExCo. The Committee considered CSA&#8217;s independence prior to the firm&#8217;s appointment and was confident that, notwithstanding that CSA and Mr Saul had previously advised Barclays as outlined above, CSA would not be constrained in its ability to express an independent view as the external facilitator of the 2024 Board, Board Committee and individual Director effectiveness review and that there were no conflicts of interest arising. 2024 review process Appointed CSA following a selection process Review brief agreed with CSA Certain Board and Board Committee meetings observed by CSA One-to-one interviews conducted Observations shared with the Group Chairman and Board Committee Chairs CSA presented findings to the Board Reports shared with Board Committees for review Strategy Shareholder information Climate and sustainability report Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form