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Experian Annual Report 2010 Governance58
Corporate governance statement
Compliance statement
It is the Board’s view that the Company has been compliant with the provisions set down in Section 1 of the Combined Code
on Corporate Governance published by the UK Financial Reporting Council in 2008 throughout the year ended 31 March 2010.
This statement, together with the diagram below, explains how the Company has applied the principles and complied with the
provisions of the Combined Code during the year.
Chairman’s introduction
and highlights
I am pleased to introduce the
corporate governance statement
which contains details of the activities
of the Board and its committees during
the year ended 31 March 2010. The
statement sets out how Experian has
complied with the Combined Code on
Corporate Governance and also gives
further details of the matters that the
Board and its principal committees
considered during the year.
It has been a challenging time for
world economies and the nancial
markets and this has focused
attention on governance matters.
Within the context of those continuing
challenges, I am happy to report that
the Experian plc Board believes that it
continues to operate very effectively.
The year proved to be a busy one in
terms of governance issues. Priorities
identied by the Board in its annual
review included matters related to
Board composition and, as a result,
we have appointed two additional
non-executive directors, following the
previous resignations of two non-
executive directors. A formal process
to identify potential candidates to
succeed me as Chairman has also
been undertaken. An induction
and training programme has been
developed to ensure the successful
integration of the new non-executive
directors while maintaining the
continued effectiveness of the Board.
The highlights of the year, from a
governance perspective, included:
The appointment of Judith Sprieser –
and Paul Walker as non-executive
directors was successfully completed
and an induction and training
programme for both of the new
directors has been developed.
The Nomination and Corporate –
Governance Committee, under the
chairmanship of Sir Alan Rudge,
the Senior Independent Director,
undertook a formal process to
identify a potential new chairman.
The Committee continues to keep this
matter under review.
The annual reviews of the Board –
and its principal committees were
successfully completed with positive
outcomes overall and no major areas
of concern highlighted.
A comprehensive review of the –
executive directors’ remuneration was
completed to ensure alignment of the
long-term interests of shareholders
with those of the executive directors.
The remuneration of the non-
executive directors was also reviewed.
The Board received training and –
thorough continued induction in
respect of several of Experian’s US
and Asia Pacic businesses.
Continued progress has been –
made in relation to the Board’s risk
management oversight role and, in
recognition of the importance of this
area, enhancements have been made
to the regular risk reporting.
Continued compliance with the –
Combined Code.
Shareholder feedback is always
welcome and if you have any particular
comments or observations about this
corporate governance statement,
please feel free to email governance@
experian.com.
John Peace
Chairman
Delegated authority flow Board committeesAdvice, review, recommendation
and monitoring
Audit Committee
Remuneration Committee
Nomination and Corporate
Governance Committee
Strategic project committees
(global and regional)
Risk management committees
(executive, regional and global
operations)
Internal Audit
Board
Principal subsidiaries
Executive management team
Operating businesses
Experian’s governance framework