Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 181

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 181
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 for Information&#8217; (RFI) to identify firms which satisfied our minimum requirements relating to credibility, capacity and independence. The size and complexity of Barclays requires an audit firm of sufficient size, resource and geographical reach to be able to ensure a high quality audit. As part of the RFI, the Chair of the Committee together with senior members of Finance management met interested firms to discuss with them Barclays' key priorities for the audit. As part of the Request for Proposal (RFP) phase of the tender, firms will be invited to submit proposals to provide statutory audit services to the Barclays Group for up to a period of 10 years commencing from the financial year ending 31 December 2027. Barclays&#8217; primary objective for the audit tender process is ensuring a fair and transparent tender process and appointing the audit firm which will provide the highest quality audit in an effective and efficient manner. Firms will be assessed against criteria determined by the Board Audit Committee. At the conclusion of the RFP phase, the Committee expects to recommend two audit firms to the Board for it to select the preferred firm. The audit tender process is expected to conclude in June 2025 and an announcement will be made following the selection of the preferred firm by the Board. An overview of the process is set out below. Strategy Shareholder information Climate and sustainability report Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 94Governance Directors&#8217; report: Board Audit Committee report (continued) Audit tender process RFI circulated and responses considered Recommendation from the Committee to the Board to formally commence the audit tender process RFP process, workshops held and final presentations to the Committee Committee review of proposals and recommendation to the Board Board selection of preferred audit firm and announcement released confirming selected firm

Providing rigorous risk oversight during uncertain times Strengthening risk management and resilience amid complex global challenges. Board Risk Committee Robert Berry Chair, Board Risk Committee Committee membership and meeting attendance in 20241 Member Meetings attended/eligible to attend Robert Berry 10/10 Dawn Fitzpatrick 9/10 Sir John Kingman 9/10 Marc Moses 10/10 Julia Wilson 9/10 Mohamed A. El-Erian2 5/6 Diane Schueneman3 3/4 Notes 1 There were 10 scheduled meetings of the Committee in 2024. Owing to prior commitments, Mohamed A. El Erian, Sir John Kingman and Diane Schueneman were each unable to attend one meeting.