Barclays 2014 Annual Report Download - page 65

barclays.com/annualreport Barclays PLC Annual Report 2014 I 63
Barclays Board
The Board is the principal decision-making forum
for the Group, setting the strategic direction and
ensuring that the Group manages risk effectively.
The Board is accountable to shareholders for
financial and operational performance.
See page 62 for further information.
Board Corporate
Governance and
Nominations
Committee
Makes
recommendations on
Board and Board
Committee
composition and
effectiveness, Board
and executive
succession plans,
talent management
strategy and
corporate governance
See page 55
for further
information.
Board
Financial Risk
Committee
Takes a largely
forward-looking view
of financial risk
appetite and financial
risk profile across
Barclays,
encompassing credit,
market and funding
risk
See page 49
for further
information.
Board Enterprise
Wide Risk
Committee
Takes an
enterprise-wide view
of risks and controls
and brings together
the overall risk
appetite and risk
profile of the business
See page 48
for further
information.
Board Conduct,
Operational and
Reputational Risk
Committee
Takes a largely
forward-looking view
of conduct
operational and
reputational risks,
including
recommending the
level of risk Barclays is
prepared to take
See page 52
for further
information.
Board
Audit
Committee
Takes a largely
backward-looking
view, focusing on
financial reporting
and control issues,
including overseeing
any control issue
remediation plans
See page 40
for further
information.
Board
Remuneration
Committee
Sets the overarching
principles and
parameters of
remuneration policy
across Barclays and
approves
remuneration
arrangements for
executive directors,
senior executives and
individual
remuneration awards
See page 77
for further
information.
Board Governance Framework
Responsibility for implementing operational decisions and the
day-to-day management of the business is delegated to the Chief
Executive Officer and the Group Executive Committee. In turn,
authorities are also delegated to individual members of the Group
Executive Committee.
The management committee structure supporting the executives’
decision-making is driven from the following design principles:
Q There is a clear and consistent top-down governance structure
across the Group, aligned to personal accountabilities and delegated
authorities;
Q There is clarity, both internally and externally, on how governance is
operated and how business level governance activities feed into
Group level governance activities;
Q Risk and control considerations are embedded as an integral part of
business decision-making; and
Q There is consistency in the use of risk and control management data
for both operational and governance purposes across all levels of the
organisation.
The Strategic Report Governance Risk review Financial review Financial statements Shareholder information