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35 | The Western Union Company – Proxy Statement
NOTICE OF 2014 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
Compensation Discussion and Analysis PROXY STATEMENT
We believe these elements further align the executive compensation program with evolving executive compensation
practices, market trends, and investor preferences, and will support the Company’s future growth and strategic plans.
The Compensation Committee has approved the compensation amounts and award targets described below in
“-Compensation of Our Named Executive Officers – 2014 Compensation.”
Other Corporate Governance Practices
The Board of Directors believes that strong corporate governance is key to long-term stockholder value creation. Please see
“Corporate Governance-Summary of Corporate Governance Practices” above for a summary of the Company’s corporate
governance practices. Highlights include:
Governance Highlights
Annual Election of Directors (approved by stockholders in 2012; phase-in began in 2013)
Proxy Access
Majority Vote in Standard Uncontested Elections
Stockholder Right to Call Special Meetings
No Stockholder Rights Plan (“Poison Pill”)
No Supermajority Voting Provisions in the Company’s Organizational Documents
Independent Board, except our Chief Executive Officer
Independent Non-Executive Chairman
Independent Board Committees
Confidential Stockholder Voting
Committee Authority to Retain Independent Advisors
Robust Codes of Conduct
Stock Ownership Guidelines for Senior Executives and Directors
Prohibition on Pledging and Hedging of Company Stock by Senior Executives and Directors
Stockholder Engagement
Establishing and Evaluating Executive Compensation
Introduction
This Compensation Discussion and Analysis describes how
the Board’s Compensation Committee determined 2013
executive compensation, the elements of our executive
compensation program and the compensation of each of
our named executive officers. The information provided
should be read together with the information presented
in the “Executive Compensation” section of this Proxy
Statement. For 2013, the named executive officers were:
• Hikmet Ersek, President and Chief Executive Officer
(September 2010 to present)
• Scott T. Scheirman, Executive Vice President,
Chief Financial Officer (September 2006 through
December 2013)
• Rajesh K. Agrawal, Executive Vice President and Interim
Chief Financial Officer (January 2014 to present),
Executive Vice President (November 2011 through
December 2013) and President, Western Union Business
Solutions (August 2011 through December 2013)
• J. David Thompson, Executive Vice President,
Global Operations (November 2012 to present) and
Chief Information Officer (April 2012 to present)
• John R. Dye, Executive Vice President, General Counsel
and Secretary (November 2011 to present)