Responsibilities

Corporate governance

The Board of Experian is responsible for the Group's system of corporate governance. The Board is committed to good governance and to maintaining the highest standards of integrity in all the Group's activities.

The following describes how the Company has applied the main and supporting principles set out in Section 1 of the Combined Code on Corporate Governance published by the Financial Reporting Council.

The Board

The Board of Experian consists of:

• Chairman
• Chief Executive Officer
• Chief Financial Officer
• Seven non-executive directors

The names and biographical details of the directors are shown under Board members.

There is a formal schedule of matters specifically reserved for the Board to decide upon:

• Setting overall Group strategy.
• Approving the Group's operating budget and monitoring performance through the receipt of monthly reports and management accounts.
• Approving significant acquisitions and divestments.
• Other matters, including:
  • Approval of interim and annual financial statements.
  • Treasury policies.
  • Internal controls and risk management.
  • Succession planning.
  • Corporate responsibility.

The division of responsibilities between the Chairman and Chief Executive Officer is clearly established, set out in writing and agreed by the Board. The Chief Executive Officer is responsible for day-to-day management. The Chairman and the Company Secretary work closely together in planning a programme of Board meetings and establishing the agendas for these meetings.

The senior independent director is Sir Alan Rudge.

Board committees

• Audit Committee
• Remuneration Committee
• Nomination Committee

Details of the membership and terms of reference for these committees can be found under Board committees.

The Company Secretary is responsible for advising and supporting the Chairman and the Board on all corporate governance and corporate responsibility matters.

Top of page