Experian 2009 Annual Report Download - page 63

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61Experian Annual Report 2009
Introduction
2 – 7
Governance
Report on directors’ remuneration Financial statements
73 – 148
Business review
8 – 43
Business review
8 – 43
Element
Purpose and link to
remuneration philosophy
Delivery
Key Features
Base salary – Reects the competitive
market salary level for the
individual and their role
– Takes account of personal
contribution, skill and
performance
– In cash
– Pensionable
– Based on individual contribution
– Reviewed annually
Annual bonus/
co-investment plan
– Rewards the achievement of
annual nancial 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
– Clearly links pay and
performance and
encourages long-term
commitment
– Cash/deferred shares
– Annual
– Not pensionable
– Performance measure is
Benchmark PBT1
Experian
performance
share plan
– Aligns with shareholder
interests through delivery of
shares
– Rewards sustained growth
in shareholder value and
out-performance compared
to peers
– Acts as a retention tool
– Shares, subject
to performance
conditions
– Not pensionable
– Performance measures are:
• Relative total shareholder return
measured over a three-year
period, subject to satisfactory
overall nancial performance
• Growth in Benchmark PBT1 over
a three-year period
Experian share
option plan
– Direct link to value creation
through share price growth
as major objective
– Aligns with shareholder
interests through delivery of
shares
– Acts as a retention tool
– Shares under
option, subject
to performance
conditions
– Not pensionable
– Performance measure is
Benchmark EPS1 growth over a
three-year period
Sharesave (or
equivalent)
– 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 a qualifying date
in order to participate
Pension – To provide market
competitive post-retirement
benets
– Post retirement
payments
– Dened benet
– Dened contribution including
US 401k arrangements
1. All references in the report on directors’ remuneration to PBT or EPS refer to Benchmark PBT or Benchmark EPS respectively.