Contact us UK online banking News About us Investor relations Citizenship Careers Products and services Corporate governance Board performance Share Email Print Each year, the Board undertakes an effectiveness review, to assess its performance. Our review is a formal, rigorous process that has been facilitated externally since 2004. Evaluation Statement A summary of the Board’s progress against the actions arising from its 2012 Board Effectiveness Review can be found below and is also described in the 2013 Annual Report: Theme Action taken Enhancing the relationship between the Board and the Executive Committee following changes in both Board and Executive Committee composition in 2012 Given the changes in Board and Executive Committee composition, a programme has been developed for 2014 that will allow the non-executive Directors to spend more time with business CEOs and their management teams. In addition, Board meetings were held in New York and Johannesburg during 2013, which allowed the Board greater opportunity to see operations at first-hand and to meet and interact with the respective management teams. Ensuring that the working relationship between the Chairman and CEO is strong in recognition of the critical importance of this relationship to the effectiveness of the Board as a whole The working relationship was assessed by the Board Corporate Governance and Nominations Committee during 2013. The Deputy Chairman and Senior Independent Director, Sir Michael Rake, also monitored the relationship and sought feedback from non-executive Directors ahead of his annual review of the Chairman’s performance. Ensuring that the Board has greater line of sight into the views of key stakeholders Non-executive Directors, in particular, Committee Chairmen, have held meetings with representatives from our main regulators in the UK, US and South Africa. Presentations from our regulators in the UK and US were also made to Board meetings. The Chairman and Group Chief Executive regularly updated the Board on any discussions held with regulators and other key stakeholders. In particular, the Board was kept updated on stakeholder views with regard to the Leverage Plan and associated rights issue. Rebuilding trust with stakeholders with regard to Barclays’ remuneration policy, particularly in light of voting at the 2012 AGM An extensive programme of stakeholder engagement on remuneration matters took place in 2013 and has continued into early 2014, including on the Group’s response to the remuneration aspects of CRD IV. Ensuring that an appropriate balance of skills, experience and diversity on the Board is Maintained A number of changes were made to the Board during 2013, with the appointment of new non-executive Directors. These are described fully elsewhere in this report. Further improving the quality of information flows to the Board to achieve an appropriate balance between data and analysis Changes have been made to the form and content of material presented to the Board and Board Committees to ensure that the material focuses on key issues. Greater use has been made of the Board’s electronic portal to provide any detailed supporting data. Feedback has been sought from Board members on the form and content of specific papers so that any further improvements could be made. Enhancing succession planning for key Board positions, in particular, continuing to ensure that the Board builds its knowledge and understanding of the depth of talent in the business Succession planning for the Chairmen of the principal Board Committees has been an area of focus in 2013, with new Chairmen appointed to the Board Audit Committee and Board Financial Risk Committee. The Board Corporate Governance and Nominations Committee has focused on talent management, as described later in this report. To help the Board build its awareness of the depth of talent in the business a series of talent receptions were also held in London, New York and Johannesburg. In this section Our framework, code and rules Board responsibilities Board Committees Board performance The Directors Auditor independence Remuneration report Shareholder communication guidelines News About us Investor relations Citizenship Careers Results and reports 2014 Interim Results (PDF, 784KB) Barclays PLC Annual Report 2013 (PDF, 4.75MB) All financial results Press and media Press releases Barclays on social media Other links UK online banking Products and services Contact us Privacy policy Accessibility Important information Terms of use Cookie policy © Barclays 2014