Barclays 2014 Annual Report Download - page 41

barclays.com/annualreport Barclays PLC Annual Report 2014 I 39
The Board’s focus in 2014
Strategy and Performance Q Debated and challenged strategic options and alternatives, agreeing the refined strategy and
the outcomes of the Group Strategy Update announced on 8 May 2014
Q Considered and assessed the strategic and operational performance of each business
Q Discussed and approved the operations and technology strategy
Q Evaluated, on a regular basis, performance against the Balanced Scorecard
Q Approved the disposal of Barclays’ Spanish businesses
Finance, Capital and Liquidity Q Assessed and monitored, on a regular basis, performance against agreed financial targets,
including return on equity, the CET1 ratio, the leverage ratio and costs target
Q Challenged, discussed and approved the Short Term Plan and debated the Medium Term
Plan
Governance and Risk Q Assessed the potential impact of structural reform in the UK and US and evaluated risks,
challenges and plans for implementation
Q Met with representatives of UK and US regulators
Q Debated specific conduct and litigation matters and potential outcomes and impacts
Q Evaluated and approved proposed risk appetite for 2015
Q Monitored on a regular basis, with the support of the Board’s risk committees, performance
against agreed risk appetite for 2014 and the risk profile
Q Evaluated and approved recovery and resolution plans
Culture and Values Q Tracked, with the support of the Board Conduct, Operational and Reputational Risk
Committee, the progress being made on cultural change
Q Undertook training on Barclays culture and values
Other Q Debated and endorsed recommendations of the Board Remuneration Committee with
regard to compensation decisions for the 2013 financial year
Q Evaluated the outcomes of the Board Effectiveness Review and agreed, with the support of
the Board Corporate Governance and Nominations Committee, the Board’s priorities and an
action plan for 2014
Q Assessed, with the support of the Board Corporate Governance and Nominations
Committee, talent management and succession plans for senior executive positions
Q Approved, on the recommendation of the Board Corporate Governance and Nominations
Committee, the appointment of John McFarlane to succeed Sir David Walker as Chairman
Board Allocation of Time (%)
1
2
3
42014 2013
1Strategy Formulation and
Implementation Monitoring
47 41
2Finance (incl. capital and liquidity) 17 22
3Governance & Risk (incl. regulatory issues) 32 35
4Other (incl. compensation) 43
The Strategic Report Governance Risk review Financial review Financial statements Shareholder information