Experian 2016 Annual Report Download - page 95
Download and view the complete annual report
Please find page 95 of the 2016 Experian annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
 |
 |
During the year, the Board reviewed the fees of the non-executive directors, as it normally does every two years, and approved the
following fee increases which took effect from 1 October 2015:
Fee effective
1 October 2015
Previous fee
Base fee €142,500 €132,500
Audit Committee Chairman fee €43,000 €40,000
Remuneration Committee Chairman fee €34,500 €32,000
Deputy Chairman/Senior Independent Director fee €86,000 €80,000
In approving the increases, the Committee took into consideration a number of factors, including market data and the scope and
time requirement of the non-executive director role.
Non-executive directors required to undertake intercontinental travel to attend Board meetings receive a supplementary payment of
€6,000 per trip, in addition to any travel expenses. This amount is unchanged since October 2009.
How do we intend to implement the remuneration policy next year? (not audited)
Salary and fees
In the past, executive director salary increases have taken effect from 1 April each year. However, we have recently aligned pay
review dates across the Group and as a result the following executive director salary increases will take effect from 1 June 2016:
1 June 2016 1 April 2015 % increase
Brian Cassin £900,000 £875,000 2.9%
Lloyd Pitchford £555,000 £540,000 2.8%
Kerry Williams US$950,000 US$925,000 2.7%
The increases awarded to our executive directors are in line with increases awarded to the wider employee population across the Group.
On Don Robert’s appointment as Chairman in July 2014, his annual fee was set at £600,000, and it was agreed that the first review
of this fee would take place on 1 April 2016. However, he indicated to the Committee that he did not wish to be considered for a fee
increase at that time, and so the Chairman’s fee will next be reviewed on 1 April 2017.
Fees for other non-executive directors are next due to be reviewed on 1 October 2017.
Annual bonus
The Committee’s approach to operating the annual bonus plan for the year ending 31 March 2017 will be unchanged from 2016.
As disclosed earlier in the Report, the Committee has decided to disclose annual bonus targets on a retrospective basis. As
such, the targets for the year commencing 1 April 2016 will be disclosed in the following year’s Report, when we believe that their
commercial sensitivity will have reduced.
93Governance •Report on directors’ remuneration