Experian 2008 Annual Report Download - page 55

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53Experian Annual Report 2008
Introduction
2 – 5
Business review
6 – 37
Financial statements
65 – 144
Governance
Report on directors’ remuneration
Governance
Report on directors’ remuneration
The remuneration committee selects performance measures that align with the Group’s strategic goals and that are
transparent to both directors and shareholders. Each element in the remuneration package is designed to support the
achievement of different corporate objectives as outlined below.
Element Purpose Delivery Policy
Base salary – Reflects the competitive
market salary level for the
individual and their role
– Takes account of
personal contribution,
skills and performance
– In cash
– Pensionable
– Individual contribution
– Reviewed annually
Annual bonus/
Co-investment Plan
– Rewards the achievement
of annual financial
targets
– Participants are eligible
to invest bonus in
Experian shares with
the opportunity to earn
matching shares
– Aligns with shareholder
interests through
delivery
in shares
– Cash/deferred shares
– Annual
– Non-pensionable
– Profit before tax is the
key measure
Experian Performance
Share Plan
– Aligns with shareholder
interests through
delivery
in shares
– Rewards sustained
growth in shareholder
value and out-
performance relative
to peers
– Acts as a retention tool
(demerger awards are
released five years after
date of grant)
– Shares, subject to
performance conditions
– Profit before tax over a
three-year period
– Relative total shareholder
return against a tailored
comparator group
measured over a three-
year period, subject
to satisfactory overall
financial performance
Experian Share
Option Plan
– Direct link to value
creation through share
price growth as major
objective
– Aligns with shareholder
interests through
delivery
in shares
– Acts as a retention tool
– Shares under option,
subject to performance
conditions
– EPS growth measured
over a three-year period
Sharesave – Opportunity for
employees to invest in
Experian shares over 3 or
5 year savings period
– Shares under option
bought with accumulated
savings at the end of the
savings period.
– Employees must be in
employment on qualifying
date in order to participate
Pension – To provide market
competitive post-
retirement benefits
– Monthly contributions – Defined benefit scheme
– Defined contribution
including US 401k
arrangements