Barclays 2011 Annual Report Download - page 71

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Governance structure at Group level
Board oversight
Assurance
Board Audit
Committee
Board Risk
Committee
Assurance Reporting and control
Board
Internal Audit
Chief Executive
Group Executive Committee
Governance and Control Committee
Authority controls appetite
Board Remuneration
Committee
– Approves overall Group Risk Appetite.
Board Corporate
Governance and
Nominations
Committee
Board Citizenship
Committee
– Reviews the adequacy and effectiveness of the
Group Control Framework.
– Monitors compliance with the Framework
including remediation of significant control issues.
– Reviews reports on control issues of Group-level
significance.
– Monitors and manages risk adjusted performance of businesses.
– Monitors risk profile in respect to risk appetite.
– Debates and agrees actions on the financial risk
profile and risk strategy across the Group.
– Considers issues escalated by Risk Type Heads
and Business Risk Directors.
Credit Risk Market Risk
Financial Risk
Committee
Funding Risk
– Sets policy/controls for
liquidity, maturity
transformation and structural
interest rate exposure.
– Monitors the Group’s liquidity
and interest rate maturity
mismatch.
– Monitors usage of regulatory
and economic capital.
– Oversees the management of
the Group’s capital plan.
– Assesses the adequacy and effectiveness
of the Group Control Framework.
– Assesses management assurance processes.
Treasury
Committee
Operational Risk
– Reviews, challenges and
recommends appetite for
Operational Risk.
– Monitors risk profile against
risk appetite for relevant Key
Risk types.
– Reviews the Group's aggregate
Operational Risk profile.
– Reviews and challenges
presentations on individual Key
Risk types.
– Monitors the tax risk profile in
respect of risk appetite.
– Assesses the quality of the
application of the control
framework.
– Considers issues that arise as a
result of developing trends.
Operational Risk
Committee
Tax Risk
Committee
– Reviews Board composition
and recommends new
appointments.
– Considers succession
plans for Chairman,
Chief Executive and
Executive Committee.
– Oversees annual Board
performance review.
– Considers the adequacy
and effectiveness of the
Group Control Framework.
– Reviews reports on control
issues of Group-level
significance.
– Reviews the Group
risk profile.
– Approves the Group
Control Framework.
– Approves minimum
control requirements
for principal risks.
– Reviews remuneration
principles and approach.
– Approves remuneration
based on risk-adjusted
performance.
– Reviews and approves
overall Citizenship strategy
and associated policies.
– Monitors, considers and
evaluates reputational risk
issues and exposures.
Barclays PLC Annual Report 2011 www.barclays.com/annualreport 69
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