Experian 2013 Annual Report Download - page 71
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Please find page 71 of the 2013 Experian annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.•Received updates (including in
respect of performance conditions)
in respect of the long-term incentive
plans of the Company.
•Agreed the participants for certain
long-term incentive plans.
•Received an update on corporate
governance issues relevant to
remuneration, including the response
of the Company to the UK Department
for Business Innovation & Skills (BIS)
consultation on revised reporting
regulations for executive pay.
•Agreed to make share plan awards.
•Approved the proposed remuneration
for new senior appointments.
•Considered certain executive
international assignments.
• Reviewed the fee of the Chairman
and the salaries of the Chief Executive
Officer, the Chief Financial Officer,
the Chief Operating Officer, the
Company Secretary and a number
of senior executives, taking account
of remuneration arrangements
throughout Experian.
• Received a presentation from its
advisers on trends in executive
remuneration and corporate
governance.
• Discussed the areas to be considered
in the next financial year in terms of
remuneration strategy.
• Reviewed its own performance and
terms of reference.
The report on directors’ remuneration
sets out the way in which the Company
has applied corporate governance
principles to directors’ remuneration.
Current members
Roger Davis (Chairman)
Fabiola Arredondo
Alan Jebson
Deirdre Mahlan
George Rose
Sir Alan Rudge
Judith Sprieser
Paul Walker
Primary roles
•To recommend to the Board
senior management remuneration
policy and the remuneration of
the Chairman.
•To determine individual remuneration
packages for executive directors and
certain senior executives.
•To communicate with shareholders on
remuneration policy.
•To review and recommend to the
Board the design of the Group’s short
and long-term incentive plans.
•To oversee the Group’s executive
pension arrangements.
Governance
The Remuneration Committee was
in place throughout the year ended
31 March 2013 and met four times.
All of its members are considered by
the Board to be independent non-
executive directors in accordance with
provision D.2.1 of the UK Corporate
Governance Code. The Chairman and
Chief Executive Officer attend meetings
by invitation. They do not attend
when their individual remuneration is
discussed and no director is involved in
deciding his or her own remuneration.
Other regular attendees include the
Group Human Resources Director and
members of the Global Reward team.
The Committee meets regularly with its
independent advisers.
All members of the Committee were
provided with an induction in the role of
the Committee and the operation of its
terms of reference on first appointment.
Activities
At its meetings during the year,
the Committee:
•Initiated the invitation to employees
to participate in the 2012 Sharesave
scheme.
•Reviewed the draft report on directors’
remuneration.
•Agreed the 2011/12 bonus outcome
and the 2013 bonus targets and those
for long-term incentive awards.
•Initiated and reviewed feedback
from a shareholder consultation
exercise concerning the proposed
performance measures, targets and
operation of the Company’s long-term
incentive plans.
Remuneration Committee report
Roger Davis
Chairman
Business overview Business review Governance Financial statements
69