Experian 2016 Annual Report Download - page 70

Area Specific focus Progress during the year
Board composition
and balance/
succession
planning
Continue to review Board structure
and composition; focus on succession
planning for the broader executive team
and development plans for identified
short- to medium-term successors.
• Board structure and composition remain under review at
all times, and a new Brazilian non-executive director was
appointed in September 2015
• Further in-depth review of Board composition by the
Nomination and Corporate Governance Committee in
March 2016
• In March 2016, the Committee received an update on
executive succession planning
Remuneration Renewal of the Group’s long-
term incentive plans, ensuring
that shareholders’ views and the
recommendations of the revised UK
Corporate Governance Code are taken
into consideration.
• Top shareholders and others were consulted in early 2015
• The Remuneration Committee reflected on issues raised and
noted the largely positive outcome
• Resolutions on the long-term incentive plans were submitted
to shareholders for consideration at the 2015 AGM, and were
approved (average of 95% voted in favour)
Board working Receive thematic presentations covering
areas that address the Group’s strategic
priorities and challenges. Ensure
continued regular opportunities for non-
executive directors and the Chairman
to meet privately, whilst recognising
the importance of the Board’s
inclusive structure.
• There were several business presentations and focused
briefings during the year, as outlined in the Induction and
training section that follows
• A number of private non-executive/Chairman meetings or
dinners were held during the year
Board development Continue an effective programme of
overseas visits to get a deeper view of
local issues, including risk and culture
and the perspective of external experts.
• Board visits to São Paulo and Nottingham during the year
• The Board heard from various external experts, as outlined
in the Induction and training section that follows
The Board has agreed the following areas of focus for the coming year:
Area Focus
Competition Further development of the Board’s understanding of the Group’s performance relative to its main
competitors and the potential impact of new entrants, ensuring that competitive considerations
continue to be appropriately included in strategic thinking.
Risk Building on the development of risk appetite statements, ensure that the risk reporting to the Board
and Audit Committee remains appropriate to enable them to continue to maintain effective oversight
of the Group’s principal risks.
Board composition Continue to review Board structure and composition, ensuring critical skills and experience are
appropriately refreshed.
Board development Continue an effective programme of Board education and understanding of topics important to the
ongoing development of the business, including from internal and external subject-matter experts.
Corporate governance report continued
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68 Governance •Corporate governance report