Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 135

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 135
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 PLC (Barclays Europe), Barclays US LLC and Barclays Bank Delaware - has its own board (with executive and non-executive directors) and board committees. These main operating entities are supported by our Group-wide service company, Barclays Execution Services Limited (BX), which provides technology, operations and functional services to businesses across the Group. Barclays PLC BBPLC Barclays' non-ring fenced operations Barclays Europe Barclays US LLC Barclays Bank Delaware BBUKPLC Barclays' ring-fenced bank BX Barclays' service company Our governance framework The Board recognises the importance of effective governance as an enabler to the successful development and execution of the Group&#8217;s strategy. We consider governance to be how the Board makes decisions and provides oversight to promote Barclays&#8217; success for the long- term sustainable benefit of our shareholders, having regard to the interests of our stakeholders, which include our customers and clients, colleagues and the society and wider environment in which we operate. Our Group-wide governance framework is designed to: &#8226; facilitate the effective management of the Group by our Group Chief Executive and his ExCo across our diverse businesses; and &#8226; support and provide oversight and constructive challenge of the Group&#8217;s major subsidiary boards in the UK, Ireland and the US, having regard to the legal, regulatory and independence requirements applicable to those entities. Generally, there is one set of rules for the Group. Group-wide frameworks, policies and standards are adopted throughout the Group unless local laws or regulations require otherwise (for example, the ring- fencing obligations applicable to BBUKPLC), or ExCo decides otherwise in a particular instance. Corporate Governance Operating Manual Our Corporate Governance Operating Manual sets out how the Group&#8217;s significant subsidiaries (and their respective boards and board committees) should interact with each other. It also provides guidance and clarity for management and Directors as to how these relationships and processes should work in practice. This is a dynamic document that evolves alongside the changing nature of the Group. The role of the Board The BPLC Board sets the purpose, strategic direction and risk appetite for the Group and is the ultimate decision-making body for matters of Group-wide strategic, financial, regulatory and/or reputational significance. The Board also has direct oversight of matters relating to culture. Membership of the BPLC and BBPLC Boards is partially consolidated in order to drive efficiency and co-ordination, whilst also reducing complexity and unnecessary duplication. As a result, membership of the BBPLC Board is a subset of the BPLC Board,