Experian 2012 Annual Report Download - page 69
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67
Governance Financial statementsBusiness reviewBusiness overview
Remuneration in summary
This section provides a summary of key remuneration arrangements for our executive directors. More detail of how these were operated during
the year ended 31 March 2012, and are intended to be operated in future, is provided later in this report.
Summary of proposed remuneration arrangements for the year ending 31 March 2013
The Committee reviews remuneration arrangements annually to ensure they remain suitable in the light of both internal and external factors.
This year, the Committee concluded that the key elements of the existing arrangements remained aligned with the core principles of Experian’s
remuneration policy and long-term business strategy and therefore no changes to the overall structure of the remuneration package were
required. The Committee agreed the following key changes for the year ending 31 March 2013:
•Salaries have been increased in line with salaries for the wider employee population; and
•Performance targets have been reviewed by the Committee and as a result the cumulative cash flow target which applies to the
Co-investment Plan has increased. The Committee considered that the other long-term targets remain appropriate.
Summary of annual remuneration earned in 2012
Salary
‘000s
Annual bonus(1)
‘000s
Benefits
‘000s
Total 2012
‘000s
Don Robert US$1,500 US$3,000 US$439 US$4,939
Paul Brooks(2) £408 £980 £24 £1,412
Chris Callero US$960 US$1,920 US$51 US$2,931
1. Don Robert and Chris Callero have deferred their entire annual bonus shown above and will be awarded invested shares under the Co-investment Plan in respect
of this deferral. They will have the opportunity to earn matching shares on this deferral, subject to the achievement of performance conditions.
2. Paul Brooks died on 6 January 2012. The salary and benefits figures in the above table are those earned to 31 January 2012; annual bonus is that for the full year
ended 31 March 2012.
Summary of long-term remuneration awarded in 2012
Shares awarded under Shares awarded under Co-investment Plans
Performance Share Plan(1) Invested shares(2) Matching shares(1)
Don Robert 233,006 221,523 443,046
Paul Brooks 124,129 57,456 239,401
Chris Callero 149,124 142,080 284,160
1. Awards under the Performance Share Plan and matching shares awarded under the Co-investment Plans will only vest to the extent that stretching performance
targets are met. These targets are described later in this report.
2. The directors deferred their entire annual bonus for 2011 and the invested shares shown above were awarded in respect of this deferral.