Experian 2013 Annual Report Download - page 86
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Experian FTSE 100 Index
Shares released to participants in the year ended 31 March 2013
Recruitment and Retention awards
One of the awards outlined above, made to Brian Cassin on his recruitment, vested on 25 January 2013 and he received 30,663
shares. Further details are given in the table entitled ‘Performance Share Plan’.
Performance graph
The Committee has chosen to illustrate TSR against the FTSE 100 Index. The FTSE 100 Index is the most appropriate index
against which TSR should be measured as it is a widely used and understood index of which Experian is a constituent.
The above graph shows that, at 31 March 2013, a hypothetical £100 invested in Experian would have generated a total return of
£350 compared with a return of £135 if invested in the FTSE 100 Index on 31 March 2008.
Shareholding guidelines
The Committee believes it is important that executives build up a significant holding in Experian shares to align their interests
with those of shareholders. Therefore, the Committee has established guidelines, from 1 April 2013, under which the Chief
Executive Officer should hold the equivalent of three times his base salary in Experian shares and other executive directors two
times their base salary (including invested shares held under the CIP). Don Robert and Chris Callero significantly exceed these
guidelines. Brian Cassin is building his shareholding up to the requisite level in accordance with the guidelines. Further details
are given in the table entitled ‘Directors’ interests’.
Policy on external appointments
The Board recognises the value of external directorships in enabling executive directors to broaden their experience and
development. In line with the UK Corporate Governance Code, executive directors may therefore accept one FTSE 100
non-executive directorship, and retain any related fees.
During the period under review, Don Robert served as non-executive director on the board of Compass Group plc and the fee
received in respect of this role is set out in Note 4 to the annual remuneration table.
Meeting obligations under share-based incentives
Obligations under Experian’s employee share plans may be met using either shares purchased in the market or, except for
rolled-over awards under certain GUS plans, newly issued shares. The current policy is that, where possible, all awards will be
satisfied by the purchase of shares, or from shares previously purchased, by the employee trusts or by shares held in treasury.
This policy will remain under regular review. The rules of the Experian share plans are in line with the guidelines set out by the
ABI regarding dilution.
Report on directors’ remuneration
continued
P89
P86
P91
VALUE OF £100 INVESTED IN EXPERIAN AND THE FTSE 100 ON 31 MARCH 2008
84 Experian Annual Report 2013 Governance