Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 236

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 236
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 up 10% compared to the final incentive pool for 2023. The incentive pool reflects risk and conduct adjustments of &pound;174m. The incentive pool before risk adjustments each year rose by c.8% from 2024 to 2023, as seen in the chart on the right. The Group incentive pool and Group Chief Executive bonus outcomes The incentive approach for our Executive Directors is significantly more structured than for other employees, as required by institutional shareholders for directors of UK-listed companies. This more-structured approach, with a need for direct alignment to specific financial performance metrics, leads to greater year-on-year volatility in incentive outcomes &#8211; both up and down &#8211; for the Executive Directors compared to other employees. For 2024, like every year, the Committee considered the Executive Director bonus outcomes in the context of the bonus outcomes for the wider workforce, ensuring appropriate alignment both this year and over a multi-year period. It also reviewed the historical outcomes for the Executive Directors in the context of performance each year. It concluded they were appropriate in the context of the performance achieved. Group incentive pool and Group Chief Executive bonus outcomes over the years 2019 2020 2021 2022 2023 2024 < Group incentive pool (&pound;m) Group Chief Executive bonus outcome (% of maximum) < Risk and conduct adjustments (&pound;m) Annual percentage change in fixed pay of Group Chief Executive and employees &#8226; The annual percentage change in fixed pay earned in 2024, compared to 2023, is 2.6% for the Group Chief Executive and 3.1% for the UK employee median &#8211; reflecting the Fixed Pay and salary increases awarded in early 2024. Group Chief Executive pay ratio: 182:1 &#8226; Our Group Chief Executive median pay ratio for 2024 is up vs. 2023 (83:1). This principally reflects the Group Chief Executive having a vesting LTIP award this year, the value of which also reflects share price growth since it was granted. Strategy Shareholder information Climate and sustainability report Risk review Financial review Financial statements Barclays PLC 2024 Annual Report on Form 20-F 121Governance Remuneration report (continued) Full details and supporting narrative. See page 158. Full details and supporting narrative. See page 159.

Alignment with Provision 40 of the UK Corporate Governance Code Code requirements How the Committee has addressed the requirement Clarity &#8211; remun