Barclays 2012 Annual Report Download - page 43

How the Board operates
The Board meets regularly and there are eight scheduled meetings
each year, including an annual strategy meeting. When necessary, and
if circumstances dictate, additional Board meetings are held. In 2012,
there were 15 additional meetings held at short notice to discuss
matters such as changes to Board composition, issues arising from the
LIBOR announcement, taxation matters and corporate transactions. In
total, the Board met 23 times during the year. The Chairman met
privately with the non-executive Directors before each scheduled Board
meeting to discuss any matters they wished to raise at the meeting.
Where Directors are unable to attend meetings, usually because of
illness or long-standing prior engagements, they are encouraged to
give the Chairman their views or comments on the matters to be
discussed. Following the meeting, the Chairman or the Company
Secretary briefs any Director not present on the discussions and any
decisions taken. Details of Board meeting attendance in 2012 can be
found in the table below. During the year, the non-executive Directors
met the time commitment specified in their letters of appointment and
committed significantly more time during the period of stress Barclays
experienced in July and August 2012.
Attendance
Independent Scheduled meetings eligible to attend Additional meetings eligible to attend
Group Chairman
Marcus Agius
(to 31 October 2012) On appointment
Sir David Walker
(from 1 September 2012) c On appointment
Executive Directors
Robert E Diamond (to 3 July 2012) b Executive Director
Antony Jenkins (from 30 August 2012) Executive Director
Chris Lucas b Executive Director
Non-executive Directors
David Booth b Independent non-executive Director
Tim Breedon (from 1 November 2012) Independent non-executive Director
Alison Carnwath (to 24 July 2012) ab Independent non-executive Director
Fulvio Conti ab Independent non-executive Director
Simon Fraser Independent non-executive Director
Reuben Jeffery b Independent non-executive Director
Sir Andrew Likierman b Independent non-executive Director
Dambisa Moyo b Independent non-executive Director
Sir Michael Rake b Independent non-executive Director
Sir John Sunderland b Independent non-executive Director
Lawrence Dickinson Secretary
Attended Did not attend
Notes
a Unable to attend a scheduled meeting owing to a prior commitment.
b Unable to attend certain additional meetings held at short notice owing to prior commitments.
c Appointed to the Board with effect from 1 September 2012 and as Chairman with effect from 1 November 2012.
2012 2011
1 Strategy formulation and
implementation monitoring 39 39
2 Governance and Risk
(including regulatory issues) 40 35
3 Finance
(including capital and liquidity) 12 16
4 Corporate Finance 0 1
5 Other (including compensation) 9 9
Board allocation of time %
1
2
3
5Corporate Governance in Barclays
All of our corporate governance practices have been brought
together in one document, Corporate Governance in Barclays. This
framework provides the basis for promoting the highest standards
of corporate governance in Barclays. Corporate Governance in
Barclays is available on our website, Barclays.com.
Charter of Expectations
The role profiles, responsibilities, time commitments, key
competencies and behaviours we expect of our Directors,
together with the key indicators of high performance, are set out
in our Charter of Expectations, which is available on our website,
Barclays.com.
barclays.com/annualreport Barclays PLC Annual Report 2012 I 41
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