Salz Review - Wall Street Journal

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Salz Review
An Independent Review of Barclays’ Business Practices
― Lawyers;
― Human resource and remuneration specialists; and
― Other consultants.
Other Organisations and Interested Parties
Additionally, we met with approximately 65 individuals and representatives of organisations
which expressed an interest in our Review, or who we thought may be able to offer
perspectives relevant to our scope. This included (amongst others):
― Current and former senior executives and board members from both financial
services firms and large non-financial corporations;
― Research analysts;
― Rating agencies;
― Consumer groups;
― Financial services, banking industry and other professional bodies;
― Employee unions; and
― Professors and academic researchers.
Round Tables
The Review team held four round-table discussions in January and February 2013 in order
to benefit from informed debates, with senior representatives from industry, government
and NGOs, on the key topics under consideration. These discussions were held on a
confidential basis. While these sessions were chaired by the Review team, they were hosted
and moderated by representatives from professional services firms, to whom the Review is
most grateful:
― Governance and Board effectiveness, hosted by Deloitte;
― Risk management, hosted by Ernst & Young;
― People management, hosted by JCA Group; and
― Culture and cultural change, hosted by McKinsey & Company.
Messages to Review’s Electronic Mailbox
We considered perspectives and evidence from over 200 interested parties who contacted
us through the Review website. We also conducted selected confidential interviews with
some of these individuals.
Salz Review Staff Survey
To engage with and obtain insights from the broadest possible set of Barclays employees,
the Salz Review conducted its own confidential online staff survey in January 2013
regarding:
― Overall engagement with Barclays;
― Leadership and tone from the top;
― Stated values and how they were put into action;