Experian 2008 Annual Report Download - page 65

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63Experian Annual Report 2008
Introduction
2 – 5
Business review
6 – 37
Financial statements
65 – 144
Governance
Report on directors’ remuneration
Governance
Report on directors’ remuneration
deferred compensation obligations with respect to Don Robert will be governed in accordance with the relevant plan rules.
This is consistent with US employment practice.
In his service agreement dated 2 April 2007, upon termination of employment at the absolute discretion of Experian
Group Limited, Paul Brooks may be paid base salary alone, pension contributions and benefits in kind (excluding bonus
or incentive payments unless the Company in its absolute discretion determines otherwise) in lieu of six months’ notice
(where notice is given by Paul Brooks) or 12 months’ notice (where notice is given by Experian Group Limited).
Save for the benefits described above, the service contracts of each of the executive directors do not provide for any
benefits on the termination of employment.
Combined Code
The constitution and operation of the remuneration committee are in accordance with the principles of good governance
and the Combined Code on Corporate Governance published by the UK Financial Reporting Council.
Directors’ interests
The beneficial interests of the directors, together with non-beneficial interests, in the ordinary shares of the Company are
shown below. Share options granted to directors, awards under the Performance Share Plan and the contingent interests
in matching shares under the Co-investment and Reinvestment Plans are shown on pages 59 to 61. The directors have no
interests in the debentures of the Company or in any shares or debentures of the Company’s subsidiaries.
Shares held in
Experian Group Limited
at 31 March 2008(1)
Chairman
John Peace 1,136,713
Executive directors
Don Robert (2) 493,578
Paul Brooks (2) 220,074
Non-executive directors
Fabiola Arredondo 99,299
Laurence Danon 1,665
Roger Davis 220,199
Sean FitzPatrick 46,700
Alan Jebson 42,157
Sir Alan Rudge 13,994
David Tyler 590,069
Notes:
1. For regulatory purposes, as at 20 May 2008, there had been no changes in the above interests.
2. The number of Experian shares for Don Robert and Paul Brooks reflects 304,441 and 134,655 shares respectively awarded to them under the legacy GUS
North America Co-investment Plan and the Experian North America Reinvestment Plan as shown in the table on page 61 in addition to their personal
holding. Don Robert and Paul Brooks have an unconditional right to receive Experian shares at the end of the relevant three-year deferral period. Prior to
receipt they do not have dividend or voting rights in respect of such shares.
On behalf of the board remuneration committee
Charles Brown
Company Secretary
20 May 2008