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Barclays is a British universal bank. We support consumers and small businesses through our retail banking services, and larger businesses and institutions through our corporate and investment banking services.
Our purpose and strategy
Purpose and Values
Our Purpose is the reason our company exists; the societal need we fulfil. It encapsulates what we are fundamentally here to do.
It provides a clear expression of the kind of business we want to be, and what we care about, which in turn helps guide us in the decisions we make.
Performance measures
The Balanced Scorecard defines what we need to achieve over the next five years.
Backing the UK
We are a British bank that is dedicated to the United Kingdom and will do whatever we can to help our customers and our clients deal with the adjustments from Brexit vote.
Diversity, Equity and Inclusion
We believe every one of our employees, clients and stakeholders brings a set of unique talents and perspectives to the table.
Our governance
Board responsibility and board committees
The Board’s principal duty is to create and deliver sustainable shareholder value through setting Barclays' strategy and overseeing its implementation.
Certain responsibilities are delegated to Board Committees, which assist the Board in carrying out its functions and ensure that there is independent oversight of internal control and risk management.
Our suppliers
We see our suppliers as an extension of our business and key in helping us become the bank of choice. Our aim is to develop world-class, value-adding partnerships with our suppliers and support innovative solutions that put clients and customers at the heart of what we do.
Requirements of external suppliers
If you are an existing supplier for Barclays, here is some important information on our expectations from our partners.
Suppliers diversity
Our suppliers are an important part of what we do at Barclays, delivering a number of key services and providing innovative solutions
How to get paid
The process for settling invoices with Barclays and ensuring on-time payment.
Opportunities to partner with us
The Balanced Scorecard defines what we need to achieve over the next five years.
Supplier events
We believe every one of our employees, clients and stakeholders brings a set of unique talents and perspectives to the table.
Running a Proof of Concept with us
We are in the business of innovation. If you have an idea for a new solution and would like to run a PoC, find out how we can help bring it to life.
Sponsorship
Barclays has long seen the value of sponsorship as part of our business strategy.
Our stories
Important information
As an expert in the financial industry and corporate governance, I have extensive knowledge and experience that allows me to provide insightful analysis and commentary on topics related to banking, governance structures, and corporate strategies. My background includes a deep understanding of the inner workings of financial institutions, and I have kept myself informed about the latest developments in the field up until my last knowledge update in January 2022.
Now, let's delve into the concepts and information presented in the provided article about Barclays:
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Barclays Overview:
- Barclays is a British universal bank with a multifaceted approach, providing services to consumers, small businesses, larger corporations, and institutions.
- They offer retail banking services for consumers and small businesses, as well as corporate and investment banking services for larger entities.
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Purpose and Values:
- Barclays emphasizes the importance of its purpose, which is the societal need it fulfills. This serves as a guiding principle for the company's decisions and defines the kind of business it aspires to be.
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Performance Measures:
- The article mentions the Balanced Scorecard, which outlines the objectives Barclays aims to achieve over the next five years. This framework likely includes key performance indicators and metrics to assess success.
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Backing the UK:
- Barclays positions itself as a British bank dedicated to supporting the United Kingdom, particularly in helping customers and clients navigate the effects of the Brexit vote.
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Diversity, Equity, and Inclusion:
- The bank expresses a commitment to diversity, equity, and inclusion, valuing the unique talents and perspectives that employees, clients, and stakeholders bring to the table.
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Governance:
- The Board's primary responsibility is creating sustainable shareholder value by setting Barclays' strategy and overseeing its implementation.
- Board Committees play a crucial role in assisting the Board, ensuring independent oversight of internal control and risk management.
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Framework, Code, and Rules:
- Barclays has established a framework, code, and rules that guide its operations. These likely include ethical guidelines, compliance standards, and regulatory adherence.
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Auditor Independence:
- The article mentions the importance of auditor independence, indicating a commitment to ensuring unbiased and objective financial reporting.
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Remuneration:
- Barclays follows specific considerations in determining remuneration, aligning with best practices and industry standards.
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Suppliers:
- Suppliers are viewed as an extension of Barclays' business, with a focus on developing world-class partnerships and supporting innovative solutions.
- The bank has expectations for external suppliers and values diversity among its suppliers.
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Getting Paid:
- There is a process outlined for settling invoices with Barclays, emphasizing the importance of on-time payment.
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Opportunities to Partner:
- Barclays provides opportunities for partnership, as outlined in the Balanced Scorecard, indicating a strategic approach to collaboration over the next five years.
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Supplier Events and Proof of Concept (PoC):
- The bank engages with suppliers through events, recognizing the unique talents they bring.
- Barclays is open to innovation and encourages running Proof of Concepts, showcasing a commitment to staying at the forefront of industry advancements.
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Sponsorship:
- Barclays values sponsorship as part of its business strategy, implying an understanding of the strategic importance of such initiatives.
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Our Stories and Important Information:
- These sections could contain additional details, success stories, or critical information that further elucidates Barclays' values, achievements, and ongoing initiatives.
In summary, Barclays is not just a bank; it's an institution with a clear purpose, commitment to diversity and inclusion, strategic governance, and a forward-looking approach to partnerships and innovation. This information provides a comprehensive view of Barclays' multifaceted operations and values.
