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37 | The Western Union Company – Proxy Statement
NOTICE OF 2015 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
Compensation Discussion and Analysis PROXY STATEMENT
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
üAnnual Election of Directors
üProxy Access
üMajority Vote Standard in Uncontested Elections
üStockholder Right to Call Special Meetings
üNo Stockholder Rights Plan (“Poison Pill”)
üNo Supermajority Voting Provisions in the Company’s Organizational Documents
üIndependent Board, except our Chief Executive Officer
üIndependent Non-Executive Chairman
üIndependent Board Committees
üConfidential Stockholder Voting
üCommittee Authority to Retain Independent Advisors
üRobust Codes of Conduct
üStock Ownership Guidelines for Senior Executives and Directors
üProhibition Against Pledging and Hedging of Company Stock by Senior Executives and Directors
üStockholder Engagement
Establishing and Evaluating Executive Compensation
Introduction
This Compensation Discussion and Analysis describes how the Compensation Committee determined 2014 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 2014, the named executive officers were:
Hikmet Ersek - President and Chief Executive Officer (September 2010 to present)
Rajesh K. Agrawal - Executive Vice President and Interim Chief Financial Officer (January 2014 to July 2014) and
Executive Vice President and Chief Financial Officer (July 2014 to present)
Odilon Almeida - Executive Vice President and President, Americas and European Union (January 2014 to present)
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)