Barclays 2013 Annual Report Download - page 79

Corporate governance report
Compliance Statements
Compliance Statements
UK Corporate Governance Code
As Barclays is listed on the London Stock Exchange, we comply with
the Code, which is publicly available at www.frc.org.uk. For the year
ended 31 December 2013, we complied with the relevant provisions set
out in the Code and applied the principles of the Code as described in
this report, except as disclosed below:
 Provision C.3.7 of the Code requires that the external audit contract is
put out to tender at least every ten years. This is a new provision of
the Code that applies for financial years beginning on or after
1 October 2012 and one which the Chairman of the Board Audit
Committee discussed with some of our major shareholders in early
2014. Barclays’ external audit contract has not been re-tendered at
any time in the past ten years. In view of potential new regulation
that is likely from both the Competition Commission and European
Union, Barclays is currently planning to tender its external audit in
2015 or 2016. The Board Audit Committee Report on page 62
provides further details.
 Provision E.2.3 of the Code requires that the Chairman should
arrange for all Directors to attend the AGM. While such arrangements
were made, Reuben Jeffery and Diane de Saint Victor were unable to
attend the 2013 AGM owing to prior commitments. The Chairman
and all Board Committee Chairmen attended and were available to
answer questions.
Disclosure and Transparency Rules
Certain additional information that is required to be disclosed
pursuant to DTR7.2.5 and DTR7.2.6 may be found in the Directors’
Report on pages 78 to 82.
New York Stock Exchange (NYSE)
NYSE rules permit Barclays to follow UK corporate governance
practices instead of those applied in the US, provided that any
significant variations are explained. This explanation is contained in
Barclays’ 20-F filing, which can be accessed from the Securities and
Exchange Commission’s (SEC) EDGAR database or via our website,
Barclays.com.
Sir David Walker
Chairman
3 March 2014
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