Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 215

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 215
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 unmodified and its statement under Section 496 of the Companies Act 2006 was also unmodified. By order of the Board Hannah Ellwood Group Company Secretary 12 February 2025 Registered in England. Company No. 48839 Registered office: 1 Churchill Place, London E14 5HP Strategy Shareholder information Climate and sustainability report Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 111Governance Directors&#8217; report: Other statutory and regulatory information (continued)

Annual statement from the Chair of the Board Remuneration Committee Board Remuneration Committee Brian Gilvary Chair, Board Remuneration Committee Committee membership and meeting attendance during 20241,2 Member Meetings attended/eligible to attend Brian Gilvary 8/8 Dawn Fitzpatrick 7/8 Mary Francis 8/8 Sir John Kingman 8/8 Julia Wilson 8/8 Notes: 1 There were five scheduled meetings and three ad hoc meetings of the Committee in 2024. Owing to a prior commitment, Dawn Fitzpatrick was unable to attend one ad hoc meeting of the Committee. 2 Nigel Higgins was appointed to the Committee on 31 January 2025. He regularly attended meetings of the Committee during 2024. Contents Annual statement 112 Executive Director remuneration outcomes at a glance 116 Wider workforce remuneration 118 Directors&#8217; Remuneration Policy 124 Annual report on Directors&#8217; remuneration 140 Dear Fellow Shareholders On behalf of the Board, I am pleased to present the Remuneration report for 2024. As the Group Chief Executive set out in his review, in February 2024 we delivered our Investor Update, setting out a three-year plan to make Barclays Simpler, Better and More balanced, and we are encouraged by the progress we have made so far. It is against this backdrop that the Committee made its remuneration decisions for 2024, focused on rewarding sustainable performance as we are every year, taking into account delivery against our financial and non-financial targets, as well as the views and experiences of our stakeholders. Review of our bonus cap for Material Risk Takers (MRTs) Regulatory changes in October 2023 removed the requirement for UK banks to set the maximum ratio of variable pay to fixed pay for their MRTs (&#8216;bonus cap&#8217;) at no more than 2:1, instead allowing banks to set their own appropriate bonus caps