Barclays 2015 Annual Report Download - page 27

home.barclays/annualreport Barclays PLC Annual Report 2015 I 25
The Board has been
taking the necessary
actions to ensure the
delivery of our strategic
and business goal
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Chairman’s governance overview
“The oversight and constructive challenge
provided by the Board is essential to strategic
success.”
The Board is responsible to shareholders for creating and delivering
sustainable shareholder value by approving the strategic direction of the
Group’s businesses. In our pursuit of greater long-term shareholder
value, we must maintain the highest standards of corporate governance,
which are the foundation on which we manage risk and build the trust
of all our stakeholders. The way in which we govern the Group to
achieve these standards is set out in our governance framework,
described below.
On becoming Chairman in April 2015, I wrote to shareholders setting out
the three strategic priorities for the Group: to evolve the strategy to
focus on our core segments and markets; to wind down non-core
exposures and assets and achieve our target capital levels; and to instil a
high performance culture with strong ethical values. To meet these
commitments and build a business for the future, your Board has taken
decisive action to increase focus, discipline and accountability, as briefly
highlighted below.
The Board acts as an independent
check and balance to the Executive
team, whose responsibility it is to
run the business
Running the company well
Your Board sets strategic direction and
provides oversight and control…
John McFarlane
Chairman
Risk review Financial review Financial statements Shareholder information