Barclays 2013 Annual Report Download - page 70

Corporate governance report
Board Enterprise Wide Risk Committee
Board Enterprise Wide Risk
Committee Report
‘We established the Committee at
the end of January 2013 as part of an
enhanced Board-level framework for
the governance of risk.’
Sir David Walker
Chairman, Board Enterprise Wide Risk Committee
This is the fi rst report of the new Board Enterprise Wide Risk
Committee, which we established at the end of January 2013 as part
of an enhanced Board-level framework for the governance of risk.
I describe below the Committee’s role and responsibilities, its
composition and how we discharged our responsibilities in 2013.
Role and responsibilities
The Committee is responsible for:
■ Recommending to the Board the Group’s overall risk appetite;
■ Reviewing the aggregated risk profi le for the Group and performance
against risk appetite;
■ Identifying the potential impact of key issues and themes that may
impact the enterprise wide risk profi le of the Group and ensuring that
the Group’s overall risk profi le and risk appetite remain appropriate;
and
■ Seeking to identify and assess future potential risks which, by virtue
of their unfamiliarity, uncertainty and deemed low probability, may
not have been factored adequately into review by other Board
Committees.
The Committee was established on 31 January 2013 and membership
comprises the Chairman, Deputy Chairman and the Chairmen of each
of the principal Board Committees. David Booth retired from the
Committee on 31 December 2013 on retiring from the Board. Mike
Ashley (Chairman, Board Audit Committee) and Tim Breedon
(Chairman, Board Financial Risk Committee) joined the Committee
with effect from 1 January 2014.
Committee composition
Membership of the Committee and attendance at meetings in 2013 is
set out below:
Member
Meetings attended/eligible
to attend
Sir David Walker ● ●
David Booth (to 31 December 2013) ● ●
Sir Michael Rake* ●
●
Sir John Sunderland ● ●
● Attended
●
Did not attend
* unable to attend 1 meeting owing to a prior business commitment
2013
1 Risk Profile/Risk Appetite 61
2 Key Risk Issues 16
3 Internal Control/Risk Policies 10
4 Other 13
Board Enterprise Wide Risk Committee Allocation of Time (%)
1
2
3
4
The Committee’s terms of reference are available at
Barclays.com/corporategovernance
barclays.com/annualreport
68 Barclays PLC Annual Report 2013