Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 423

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 423
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 continue investing to enhance our controls to support our commitment to conducting all activities with integrity.

| For details of the Board's role in embedding ourCulture, Purpose, Values and Mindset, please refer topage 73of the Directors' Report. |

The Barclays Mindset Our Mindset acts as an operating manual for how to get things done at Barclays. It focuses on three key elements that are core to our success – Empower, Challenge and Drive. Our research shows that when we demonstrate behaviours aligned to these three elements, outcomes are better, colleagues are more engaged and they are more likely to stay longer to build their career at Barclays . Managing Compliance risks

| Seepage 100in the Directors' report in addition topages206and306in the risk review section for moreinformation on how the Group defines, manages andmitigates Compliance risks. |

Product design and review risk It is important that the design of our products and services meets the needs of clients, customers and markets as well as being aligned with Barclays' policies. We do this by operating two processes, which together form our product design and review risk framework. We have a process that supports the Group in the approval and implementation of New and Amended Products and Approval process (known as the NAPA Process, set out in the Barclays NAPA Policy and Standards). This process outlines the requirements and risk assessment standards that must be met to help ensure that new and amended products and services are appropriately designed prior to their launch. In addition we have a complementary process that reviews the existing portfolio of products and services throughout their lifecycle (known as the Product Review Process, set out in the Barclays Product Review Policy and Standard). This process considers information about the performance and operation of the product or service through a conduct lens. Wherever a product or service is found to be outside appetite, the product or service owner must seek to ensure actions are taken to address it. These actions are validated by functional areas, including Legal and Compliance. Areas of Barclays that undertake Investment activity also operate additional product governance processes and controls, reflecting the higher risk of these more complex products and the importance of products and services meeting the needs of our Clients.

| The BPLC, BBPLC and BBUKPLC Board RiskCommittees review, on behalf of their respectiveBoards, the management of Compliance risk and theCompliance risk profile for their respective entities.Please refer to the report of the BPLC Board RiskCommittee onpages 95and100and the reports ofthe BBPLC and BBU