Barclays Bank Case Study Example | Topics and Well Written Essays - 1250 words

Barclays Bank - Case Study Example The banks wanted to combine all their existing networks and take full advantage of their loose competitors in order for them to be able to compete effectively with the joint stock banks. This merger brought together seventy one partners and since then has been known as Barclays Bank. Over the years Barclays has expanded and has over fifty countries in Europe, Africa, North and South America. (Michael Collins 117) Barclays bank is an international service provider that deals with personal banking, credit cards, wealth and investment management and corporate and investment banking. The main activities in the bank are to lend, move, invest and protect money. Its operations are generally divided into two that is the retail and business banking which has four units; Africa retail and business banking, Barclaycard, U.K retail and business banking and the final one is Europe retail and business banking. These operations dictate the core business structure in the organization and determine t he services they offer. They cannot offer services that are beyond its business scope. The highest structure in the Barclays group is the group chairman and the chief executive. The group also has an executive committee and a board of directors. Each branch at the nation level has its’ managers and other officials who ensure the smooth running of the bank. All the group’s operations including its overseas offices, subsidiaries and associates are all subject to a set of rules and regulations which have to be adhered to at all levels. All the cooperates practices have been provided for in one document and the aim of this principles is to provide the highest standards of products and services to its stakeholders..The board is charged with the responsibility of creating as well as building a shareholder value through the management of the business. It has to ensure that is the body that ensures a balance between the promotion of the goals whether long or short term. It is the work of the chairman to ensure that all the board members receive information in a proper and clear way so as to ensure that the directors are able to give sound judgments or opinions that will ensure the growth of the organization. It is also important to note that the directors are not allowed to put themselves in a position where he or she may have conflicts of interests. The directors have the obligation to act in good faith so as to promote the success of the company. While acting on behalf of the company the shareholder is expected to look at the likely consequences of any decision to the company in the long run, they are also expected to consider the interests of all the stakeholders and the need to maintain the reputation that the bank has. The organization does engage with a wide range of stakeholders who are spread all across their divisions and their main of these transactions is to ensure that they discover the key concerns and respond to each of their stakeholders n eed. The stakeholders of the organization include its employees, shareholders, suppliers, government and its regulations, charities and the non-governmental organizations. The organization has come up with a citizenship strategy which focuses on three areas that will improve their services and products to all those who