Prudential’s multi-stakeholder framework reinforces board commitment to investors, employees, customers and society
December 19 2019 - 7:30AM
Business Wire
The Board of Directors for Prudential Financial, Inc. (NYSE:
PRU) has introduced a multi-stakeholder framework that extends the
board’s accountability to shareholders, employees, customers and
society.
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the full release here:
https://www.businesswire.com/news/home/20191219005027/en/
Prudential Stakeholder Commitment
(Graphic: Business Wire)
“As board members, we believe our duty includes enabling
positive change for a much broader set of individuals, groups and
interests, in addition to creating strong value for shareholders,”
said Gilbert Casellas, Prudential board director and chair of the
Corporate Governance and Business Ethics Committee. “We are proud
to make this commitment to all of Prudential’s stakeholders and to
ensuring it is fulfilled.”
The framework further aligns the board with Prudential’s new
company purpose statement to “solve the financial challenges of our
changing world” for stakeholders including shareholders, employees,
customers and society. Prudential revised its stated purpose
earlier in 2019 based in part on input from employees and leaders
from across the company.
“Solving financial challenges is at the heart of who we are as a
company and how we define and create meaningful value that benefits
all of our stakeholders,” said Charles Lowrey, chairman and CEO of
Prudential. “This board-level commitment reinforces the importance
of the purpose-driven work and business strategy which has guided
Prudential throughout its 144-year history and which will continue
to inspire our future as a company.”
On behalf of the board, Prudential will continue to report on
the progress of its purpose-driven goals, initiatives and related
work in its annual and sustainability reports.
Prudential is committed to solving the financial challenges of
our changing world and is a recognized leader in purpose-driven
business, investing and Environmental, Social and Governance (ESG)
practices.
Prudential has been named to FORTUNE® Magazine’s 2019 Change the
World list, FORTUNE® Magazine’s 2019 World’s Most Admired Companies
list, the Ethisphere Institute’s World’s Most Ethical Companies®,
DiversityInc’s Top 50 Companies for Diversity and Working Mother’s
100 Best Companies.
Click here to learn more about Prudential’s purpose-driven work
and culture.
About Prudential
Prudential Financial, Inc. (NYSE: PRU), a financial wellness
leader and premier active global investment manager with more than
$1 trillion in assets under management as of Sept. 30, 2019, has
operations in the United States, Asia, Europe and Latin America.
Prudential’s diverse and talented employees help to make lives
better by creating financial opportunity for more people.
Prudential’s iconic Rock symbol has stood for strength, stability,
expertise and innovation for more than a century. For more
information, please visit news.prudential.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20191219005027/en/
MEDIA: Bill Launder (973) 802-8760
bill.launder@prudential.com
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