Strategic Shareholder Climate and Risk Financial Financial Barclays PLC 162 report information sustainability report Governance review review statements Annual Report 2022 Directors’ report: Board Nominations Committee report (continued) 1 To achieve this ambition, Barclays has This initiative, first introduced in 2016, Diversified Board been building a strong pipeline of female broadens the scope of perspectives and talent at all levels through hiring initiatives contributions made to ExCo, while also Leadership balance and development programmes, as well as providing appointees with exposure to (number of Directors) reporting regularly to its senior leaders to matters of Group-wide significance and keep them informed on progress in this further leadership experience. In 2022, all Chairman 1 area (including detailed information about three holders of this position were female. Non-Executive Directors 10 hiring, promotion, and retention in their You can find details of ExCo membership, Executive respective business areas). As at 31 2 including ex-officio appointees during the Directors December 2022, female representation course of 2022, on page 148 and you can amongst Managing Directors and Gender balance find data on the percentage of females on Directors was at 29% globally, and Barclays (number of Directors) ExCo and within ExCo direct reports in Our is focused on continuing its efforts to people and culture section in the Strategic identify and develop female talent within Male Report on page 35. 8 Barclays and in the market. Further information will be made available Female 5 You can read more about Barclays' DEI in our Diversity, Equity and Inclusion vision and strategy and gender diversity at Report, which will be available on our Ethnic diversity Barclays, including data on the percentage website later in 2023. (number of Directors) of females in Barclays’ wider workforce in Our people and culture section on pages Ethnic diversity White 11 31 to 38. As at 31 December 2022, 15% of the Ethnic minority 2 background The Committee is also mindful of the Board (two members) were from a excluding white ethnic groups voluntary target recommended by the minority ethnic background (excluding FTSE Women Leaders Review of 40% white ethnic groups), meeting the Note: 1 Data as at 31 December 2022. female representation for ExCo and their recommendations contained within the direct reports by the end of 2025. As at 31 Parker Review Committee Report into the December 2022, female representation Ethnic Diversity of UK Boards and the among ExCo and their direct reports stood ethnic diversity target in the Board at 27%. Diversity Policy. While this falls short of the FTSE Women Alongside the Board, the Committee Leaders Review recommendation, continues to support the Group’s increasing gender diversity within both Multicultural agenda, including Barclays' ExCo and their direct reports, to ensure a Race at Work Ambition. Venkat, our Group diverse pipeline for ExCo succession, Chief Executive, has made a significant remains a key priority for Barclays and the contribution to Barclays’ diversity agenda. Committee and the hiring initiatives and Having achieved our Race at Work development programmes referred to ambition to double the number of Black above are part of the way in which we are Managing Directors globally from nine to looking to make progress against these 18 by 2022, in January 2023, we set a new targets. In 2022, Barclays continued to ambition to increase the population of have one ex-officio position on ExCo, with Managing Directors from each appointee serving for a four-month underrepresented ethnicities by at least rotation. 50% by the end of 2025. As described on page 155, the Board considered updates during the year on Barclays' progress on DEI initiatives, including our Race at Work Ambition. You can find more information on Barclays’ continued commitment to its Multicultural agenda, including data relating to ethnic diversity in Barclays' wider workforce, in Our People and Culture section in the Strategic Report on Pages 31 to 38.
Barclays PLC - Annual Report - 2022 Page 163 Page 165