Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 241

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 241
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ound;19bn increase in market capitalisation2 (up 78%), and &pound;3.0bn of distributions to shareholders, since we announced our three-year plan. The proposed new DRP will support the achievement of our plans, by providing significantly greater performance alignment in the Executive Directors&#8217; remuneration, with incentive performance measures strongly aligned to our strategic priorities and stretching external targets, and beyond. Improving the competitive positioning of Executive Directors' maximum total compensation opportunity In considering the competitive positioning of the Executive Directors' maximum total compensation opportunity, we first reviewed the companies against which Barclays Executive Directors' pay levels are compared. The Committee satisfied itself that the international banking peers described on the following page &#8211; the principal companies against which investors, employees and other stakeholders compare Barclays, and our key competitors for management talent &#8211; are the relevant comparators. Compared to those peers, our Executive Directors&#8217; maximum total compensation opportunities under the current DRP are well below market, and not commensurate with the Executive Directors&#8217; roles given Barclays&#8217; scope and complexity. The proposed new DRP seeks to deliver maximum total compensation opportunities that are more reflective of the skills required for their roles. More detail in support of these competitiveness considerations is set out on the following page. Strategy Shareholder information Climate and sustainability report Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 124Governance Remuneration report (continued) Notes: 1 Excluding Q423 structural cost actions in 2023. 2 At the 10 February 2025 mid-market closing share price.

Ensuring Executive Director pay is appropriately competitive An important part of the context for our DRP review is the market competitiveness of the ED remuneration packages. International banking peers Our current and potential investors, employees and other stakeholders compare Barclays to international banking peers. We have deep roots in the UK, where we support retail customers, small businesses and corporations. The Group also includes a top-tier investment bank, with a strong global ranking, and has a significant and important US presence. As a result, these stakeholders compare Barclays to other large and complex international banks headquartered in the US, Europe and the UK. The international banking peer group against which the Committee compares the EDs&#8217; pay competitiveness consists of the same kinds of companies, as the most relevant comparators to Barclays: other large universal banks from continental Europe / the UK, and the large US universal and investment