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58 Experian Annual Report 2008
The information set out in the tables below has been subject to audit.
Annual remuneration
The following table shows an analysis of the emoluments of the individual directors for the full year ended 31 March 2008. All
amounts shown are in the currency received by directors. Annual bonuses are shown in the year they were earned.
Salary and Annual
fees(1) bonus Benefits(2) Total 2008 Total 2007
‘000s ‘000s ‘000s ‘000s ’000s
Chairman
John Peace (3) £450 – £27 £477 £1,784
Executive directors
Don Robert (4)(5) $1,400 $1,400 $941 $3,741 $2,341
Paul Brooks (4)(6) £440 £440 £75 £955 £724
Non-executive directors
Fabiola Arredondo (7) €136 – – €136 €28
Laurence Danon (7) €107 – – €107 €33
Roger Davis (7) €131 – – €131 €39
Sean FitzPatrick (7) €107 – – €107 –
Alan Jebson (7) €162 – – €162 €41
Sir Alan Rudge (7) €126 – – €126 €89
David Tyler (7) €908 – €27 €935 €1,638
The following shares were purchased for the non-executive directors on 29 June 2007 in line with the shareholding guidelines
for non-executive directors described above. The non-executive directors not described below already meet the shareholding
guidelines. The value reported below is included within the remuneration reported in the above table.
No. of Value
shares £
Fabiola Arredondo 1,299 8,184
Laurence Danon 1,665 10,490
Alan Jebson 2,157 13,590
Sir Alan Rudge 409 2,577
Notes:
1. Non-executive directors receive an additional fee of €5,981 per trip to attend board meetings where such attendance involves inter-continental travel from their
home location. This results in disparities between their fee levels relative to those fees listed on page 57.
2. Benefits to executive directors include life insurance, private health care, company car and fuel allowance where applicable. Don Robert relocated to the UK in
the period under review. The figures for him include a one-off disturbance allowance of £100,000. In addition, he will receive an annual expatriate allowance of
£550,000 for the duration of his assignment; a pro-rata payment in respect of the financial year under review is included above. Benefits to Paul Brooks include a
one-off payment in respect of his relocation back to the UK.
3. John Peace is not eligible for a performance bonus, pension contributions or further long term incentive awards but will continue to receive a company car
benefit and coverage under the Company’s private healthcare arrangements.
4. Don Robert and Paul Brooks were appointed to the board of Experian Group Limited on 6 July 2006. Experian Group Limited pays directors’ fees to Don Robert
and Paul Brooks of €106,154 per annum in respect of their services as directors of Experian Group Limited. Such fees form part of, and are not additional to, the
remuneration set out in the table.
5. During the year under review, Don Robert served as a non-executive director of First Advantage Corporation for which he received a fee of US$53,000
(2007: $51,000).
6. Figures for the prior period for Paul Brooks have been restated in sterling to allow a like for like comparison.
7. Fees for the non-executive directors represent their fees for the period under review. For the prior period, and as is permissible under Jersey law, the Company
met the cost of the tax payment on their taxable travel expenses where applicable. Experian has since gained agreement from the Irish tax authorities that these
expenses are non-taxable and thus for the period under review these expenses are not reported. Fees in respect of the previous period for the non-executive
directors were for the period since appointment which for some individuals was three months or less. Fees in respect of 2007 for Sir Alan Rudge and David Tyler
were paid by Experian Finance plc (formerly GUS plc). David Tyler was previously an executive director of GUS plc and Sir Alan Rudge was a non-executive
director. With effect from 1 April 2007, David Tyler ceased to be a director of Experian Finance plc by reason of redundancy; his contract provided for a notice
period of 12 months or contractual pay in lieu of notice for 12 months. Contractual pay on redundancy includes base salary (£545,000), car and fuel allowance
(£18,200) and is included above. These payments were made in April 2007 and are in addition to the non-executive director’s fee of €106,154. Figures for the prior
period for David Tyler have been restated in euros to allow a like for like comparison.
Report on directors’ remuneration continued