Investors set to protest over change at Experian

Don Robert is provoking concern by  moving from chief executive to  chairman
Don Robert is provoking concern by moving from chief executive to chairman
TIMES NEWSPAPERS LTD

Experian is bracing itself for a shareholder rebellion over concerns about pay and corporate governance.

The world’s largest credit-checking agency is likely to face investors’ anger over its executive reward policies as well as its arrangements for Don Robert, its chief executive, to replace Sir John Peace, the chairman.

The Investment Management Association, which represents fund managers, is understood to have urged members to scrutinise Experian’s pay proposals before voting at the company’s annual meeting on Wednesday.

It has put an “amber-top” rating on the FTSE 100 business, the second most serious censure it can give.

There are also concerns about Mr Robert’s move, which breaches corporate governance guidelines. The Financial Reporting Council’s Corporate Governance Code says that chief executives should not move to become