002CSN8CDA
|
|
|
|
|
Margaret M. Foran
|
|
Chief Governance Officer
|
|
Senior Vice President and Corporate Secretary
|
|
Prudential Financial, Inc.
|
|
751 Broad Street, Newark NJ 07102-3777
|
|
|
|
|
March 22, 2018
|
Dear Shareholder:
As a
shareholder, you have the right to vote on important matters that affect Prudential Financial. We take the opinions of Prudentials shareholders very seriously and we hope you will provide your input by casting your vote on the items in the
2018 Proxy Statement.
Enclosed you will find a Notice of Internet Availability (Notice), which provides information on how to view the materials and cast
your vote online. If you would prefer to vote by mail, you may request a paper copy of the proxy materials by visiting www.investorvote.com/prudential, calling
1-866-641-4276,
or by sending an email to investorvote@computershare.com.
Additional information
regarding the Notice is located on the reverse side of this letter. The SEC has also created an educational website where you can learn more about proxy voting
www.sec.gov/spotlight/proxymatters.shtml.
To express our appreciation when you vote, we are once again offering you a choice of receiving a specially designed, environmentally friendly tote bag, or
contributing to a tree-planting initiative. Since its inception, we have provided nearly 570,000 tote bags to our shareholders. Because of your active participation, we continue to support the work of American Forests to protect and restore
Americas forest ecosystems. This years tree-planting initiative will continue our work with American Forests.
As always, we thank you for
your investment in Prudential.
Sincerely,
|
|
Margaret M. Foran
|
Chief Governance Officer,
|
Senior Vice President and Corporate Secretary
|
Prudential Financial, Inc.
|
©
2018 Prudential Financial, Inc., and its related entities.
All rights reserved.
FAQ Internet Availability of Proxy Materials
The Securities and Exchange Commission (SEC) has issued rules requiring public companies to:
|
Make proxy materials (such as the Annual Report and Proxy Statement) available on the internet
|
|
Notify shareholders how and where to access those materials online
|
These rules allow companies to give
shareholders more options for reviewing important proxy materials. Information can be made available to shareholders more quickly and convenientlyonline documents are easily searchable, enabling shareholders to quickly find the information
they need to make informed voting decisions.
The SEC also allows companies to send a
one-page
Notice to holders
with instructions on how to access the materials online, rather than sending a full set of materials. Our reasons for choosing the notice-only option are to:
|
Adopt more sustainable practices and be more environmentally responsibleby shrinking our carbon footprint through reductions in ink and paper used in printing and fuel used in shipping
|
|
Increase shareholder valueby reducing print and mail costs
|
Please refer to the information below
to learn more and to find out what your options are as a shareholder to view materials and vote.
What is on the one-page Notice?
The Notice contains simple instructions on how to:
|
|
Access and view the proxy materials online
|
|
|
Vote your shares online
|
|
|
Request a free set of printed materials
|
|
|
Change delivery preferences for future proxy mailings
|
DO
retain the Notice for future
reference
DO NOT
mark your vote on the Notice and return it; the Notice is not a proxy card or ballot
If I received only a one-page Notice, how do I vote my shares?
To vote your shares, follow the instructions on the Notice to vote online. If you request a paper copy of the proxy materials, youll receive
a proxy card with voting instructions. You may also vote your shares in person by bringing the Notice with you and attending the meeting.
If I received only a one-page Notice, how do I request a full set of printed materials for this meeting or future proxy mailings?
To request a free set of printed materials for this meeting or for future mailings, refer to the Notice for detailed instructions on how to
request a copy via Internet, telephone or email.
If I received a full set of materials, may I request only a
one-page Notice for future proxy mailings?
Our company will make a decision for each meeting whether or not to use the notice-only
option, and send notice-only mailings at our discretion.
Can I elect to receive my proxy materials electronically?
You may elect to receive materials via email for future mailings. You will receive the materials
electronically if our company chooses to offer email delivery in the future. To change your delivery preferences, follow the instructions on the Notice.
|
One of your key privileges as an investor is the right to vote on
important matters that affect the company you own shares in.
Please vote. Your vote is important
to us and our business.
|
|
|
|
002CSN8CDB
|
|
© Copyright 2017 Computershare Limited. All rights reserved.
|
|
|
|
IMPORTANT ANNUAL MEETING INFORMATION
|
|
|
|
|
|
Admission Ticket
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electronic Voting Instructions
|
|
You can vote by Internet or telephone
|
|
Instead of mailing your proxy, you may choose to vote online or by
telephone.
|
|
Proxies submitted by the Internet or telephone must be received by
11:59 p.m., May 7, 2018, for Registered Shares and by 11:59 p.m.,
May 2, 2018, for PESP Shares and PSPP Shares.
|
|
|
Vote by Internet
|
|
Go to
www.investorvote.com/prudential
|
|
Follow the steps outlined on the secured website.
|
|
|
Vote by
telephone
|
|
Call toll free
1-800-652-VOTE
(8683)
within the USA, US territories & Canada any time on a touch tone telephone. There is
NO CHARGE
to you for the
call.
|
|
Follow the instructions provided by the recorded message.
|
|
|
|
Proxy/Voting Instruction Form
|
|
|
q
IF YOU HAVE NOT VOTED VIA
THE INTERNET
OR
TELEPHONE, FOLD ALONG THE PERFORATION, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE.
q
|
|
|
|
|
A
|
|
Proposals The Board of Directors recommends a vote
FOR
the election of each director nominee listed in Proposal 1.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1. Election of Directors:
|
|
For
|
|
Against
|
|
Abstain
|
|
|
|
For
|
|
Against
|
|
Abstain
|
|
|
|
For
|
|
Against
|
|
Abstain
|
|
+
|
|
|
01 - Thomas J. Baltimore, Jr.
|
|
☐
|
|
☐
|
|
☐
|
|
05 - Karl J. Krapek
|
|
☐
|
|
☐
|
|
☐
|
|
09 - Christine A. Poon
|
|
☐
|
|
☐
|
|
☐
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
02 - Gilbert F. Casellas
|
|
☐
|
|
☐
|
|
☐
|
|
06 - Peter R. Lighte
|
|
☐
|
|
☐
|
|
☐
|
|
10 - Douglas A. Scovanner
|
|
☐
|
|
☐
|
|
☐
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03 - Mark B. Grier
|
|
☐
|
|
☐
|
|
☐
|
|
07 - George Paz
|
|
☐
|
|
☐
|
|
☐
|
|
11 - John R. Strangfeld
|
|
☐
|
|
☐
|
|
☐
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
04 - Martina Hund-Mejean
|
|
☐
|
|
☐
|
|
☐
|
|
08 - Sandra Pianalto
|
|
☐
|
|
☐
|
|
☐
|
|
12 - Michael A. Todman
|
|
☐
|
|
☐
|
|
☐
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Board of Directors recommends a vote
FOR
Proposals 2 and 3.
|
|
The Board of Directors recommends a vote
AGAINST
Proposal 4.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For
|
|
Against
|
|
Abstain
|
|
|
|
|
|
For
|
|
Against
|
|
Abstain
|
|
|
2. Ratification of the appointment of PricewaterhouseCoopers LLP as our independent
registered public accounting firm for 2018.
|
|
|
|
☐
|
|
☐
|
|
☐
|
|
|
|
4. Shareholder proposal regarding an independent Board Chairman.
|
|
☐
|
|
☐
|
|
☐
|
|
|
3. Advisory vote to approve named executive officer compensation.
|
|
|
|
☐
|
|
☐
|
|
☐
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
B
|
|
Non-Voting
Proposal Please select one option or leave blank if you do not want to participate.
|
|
|
|
|
I would like a free tote bag from Prudential. ☐ I prefer Prudential contribute to a tree planting campaign. ☐
|
|
|
|
|
|
C
|
|
Authorized Signatures This section must be completed for your vote to be counted. Date and Sign Below
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Please sign exactly as name(s) appears hereon. Joint owners should each sign. When signing as attorney, executor, administrator, corporate officer, trustee, guardian, or custodian, please give full title.
|
|
|
|
|
|
|
|
|
|
Date (mm/dd/yyyy) Please print date below.
|
|
Signature 1 Please keep signature
within the box.
|
|
Signature 2 Please
keep signature within the box.
|
|
|
|
|
|
|
|
∎
|
|
1 U P X
|
|
+
|
002CSP008B
|
|
02QW9F
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ANNUAL MEETING OF SHAREHOLDERS
|
|
|
|
May 8, 2018, 2:00 p.m.
|
|
|
751 Broad Street, Newark, New Jersey 07102
|
|
|
|
|
|
|
|
|
|
If you plan to attend the annual meeting, please bring this admission ticket with you.
This ticket admits the
shareholder. All meeting attendees must present valid government-issued photo identification. For your safety, all personal belongings or effects including purses are subject to inspection. With the exception of purses and notepads, no personal
items such as briefcases or bags, of any type, may be carried into the meeting area. The use of photographic and recording devices is prohibited in the building. Cell phone use is permitted only in the first floor lobby. The meeting location is
accessible to disabled persons and, upon request, we will provide wireless headsets for hearing amplification.
This card covers the total number of
shares of Prudential Financial, Inc. Common Stock (Common Stock) registered in your name (Registered Shares) at Prudentials transfer agent, Computershare, as of March 9, 2018, and may also cover the total number of
shares of Prudential Financial, Inc. Common Stock held in The Prudential Employee Savings Plan (PESP) on March 7, 2018. Or, this card may cover the total number of shares of Prudential Financial, Inc. Common Stock for the
international portion of the Prudential Stock Purchase Plan, the Prudential International Stock Purchase Plan, or the international portion of the Associates Grants covering vested shares of Prudential Financial, Inc. Common Stock registered in your
name with Computershare as of the close of business on the record date of March 9, 2018.
You only need to vote once. This card enables you to submit
your vote on your Registered Shares; to provide voting instructions to the PESP Trustee for your PESP shares; or to submit voting instructions for your international portion of the Prudential Stock Purchase Plan shares.
Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to be held on May 8, 2018. The Proxy Statement and Annual
Report to Shareholders are available at
www.investorvote.com/prudential
.
q
IF YOU HAVE NOT VOTED VIA THE INTERNET
OR
TELEPHONE, FOLD ALONG THE
PERFORATION, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE.
q
|
|
|
|
|
Proxy/Voting Instruction Form
|
|
Prudential Financial, Inc.
|
|
+
|
This proxy is solicited on behalf of the Board of Directors of Prudential Financial, Inc. for the Annual Meeting of
Shareholders to be held at 2:00 p.m. on May 8, 2018.
The undersigned, having received the Notice of Meeting and Proxy Statement dated March 22,
2018, appoints Margaret M. Foran, Timothy P. Harris and John R. Strangfeld, each of them as proxies, with full power of substitution, to represent and vote all of the undersigneds shares of Common Stock of Prudential Financial, Inc., at the
Annual Meeting of Shareholders to be held at 2:00 p.m., May 8, 2018, or at any adjournment or postponement, upon all subjects that may properly come before the meeting, including the matters described in the proxy statement, subject to any
directions indicated on the reverse side of this card.
If no directions are given, the proxies will vote in accordance with Board of Directors
recommendations as listed on the reverse side of this card and at their discretion on any other matter that may properly come before the meeting.
Special Voting Instructions for Plan Shares:
If you are a participant in The Prudential Employee Savings Plan (PESP), or the
international portion of the Prudential Stock Purchase Plan, the Prudential International Stock Purchase Plan, or the international portion of the Associates Grants covering vested shares of Prudential Financial, Inc. Common Stock under the
Prudential Financial, Inc. Omnibus Incentive Plan, your shares will be voted by the applicable trustee or administrator in accordance with the instructions indicated on the reverse side or received by internet or telephone. If no instructions are
specified, your PESP shares will be voted in the same proportion as the PESP Trustee votes the shares for which it received timely voting instructions, and all other shares will be voted by the plan administrator in accordance with the Board of
Directors recommendations, in each case, subject to the terms of the applicable plan documents and applicable law.
Comments
We value
your feedback. Please provide any comments you have in the space below.
|
|
|
IMPORTANT ANNUAL MEETING INFORMATION
|
|
|
|
|
|
|
|
Proxy/Voting Instruction Form
|
|
|
|
|
q
PLEASE FOLD ALONG THE PERFORATION, DETACH
AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE.
q
|
|
|
|
|
A
|
|
Proposals The Board of Directors recommends a vote
FOR
the election of each director nominee listed in Proposal 1.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1. Election of Directors:
|
|
For
|
|
Against
|
|
Abstain
|
|
|
|
For
|
|
Against
|
|
Abstain
|
|
|
|
For
|
|
Against
|
|
Abstain
|
|
+
|
|
|
01 - Thomas J. Baltimore, Jr.
|
|
☐
|
|
☐
|
|
☐
|
|
05 - Karl J. Krapek
|
|
☐
|
|
☐
|
|
☐
|
|
09 - Christine A. Poon
|
|
☐
|
|
☐
|
|
☐
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
02 - Gilbert F. Casellas
|
|
☐
|
|
☐
|
|
☐
|
|
06 - Peter R. Lighte
|
|
☐
|
|
☐
|
|
☐
|
|
10 - Douglas A. Scovanner
|
|
☐
|
|
☐
|
|
☐
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03 - Mark B. Grier
|
|
☐
|
|
☐
|
|
☐
|
|
07 - George Paz
|
|
☐
|
|
☐
|
|
☐
|
|
11 - John R. Strangfeld
|
|
☐
|
|
☐
|
|
☐
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
04 - Martina Hund-Mejean
|
|
☐
|
|
☐
|
|
☐
|
|
08 - Sandra Pianalto
|
|
☐
|
|
☐
|
|
☐
|
|
12 - Michael A. Todman
|
|
☐
|
|
☐
|
|
☐
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Board of Directors recommends a vote
FOR
Proposals 2 and 3.
|
|
The Board of Directors recommends a vote
AGAINST
Proposal 4.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For
|
|
Against
|
|
Abstain
|
|
|
|
|
|
For
|
|
Against
|
|
Abstain
|
|
|
2. Ratification of the appointment of PricewaterhouseCoopers LLP as our
independent registered public accounting firm for 2018.
|
|
|
|
☐
|
|
☐
|
|
☐
|
|
|
|
4. Shareholder proposal regarding an independent Board Chairman.
|
|
☐
|
|
☐
|
|
☐
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3. Advisory vote to approve named executive officer compensation.
|
|
|
|
☐
|
|
☐
|
|
☐
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
B
|
|
Authorized Signatures This section must be completed for your vote to be counted. Date and Sign Below
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Please sign exactly as name(s) appears hereon. Joint owners should each sign. When signing as attorney, executor, administrator, corporate officer, trustee, guardian, or custodian, please give full title.
|
|
|
|
|
|
|
|
|
|
Date (mm/dd/yyyy) Please print date below.
|
|
Signature 1 Please keep signature
within the box.
|
|
Signature 2 Please
keep signature within the box.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ANNUAL MEETING OF SHAREHOLDERS
|
|
|
|
May 8, 2018, 2:00 p.m.
|
|
|
751 Broad Street, Newark, New Jersey 07102
|
|
|
|
|
|
|
|
|
|
.
If you plan to attend the
annual meeting, please bring proof of ownership with you.
Your proof of ownership, such as a recent brokerage statement or letter from your bank or broker, admits the shareholder. All meeting attendees must present valid government-issued photo
identification. If you want to vote your shares held in street name in person, you must get a legal proxy in your name from the broker, bank or other nominee that holds your shares. For your safety, all personal belongings or effects including
purses are subject to inspection. With the exception of purses and notepads, no personal items such as briefcases or bags, of any type, may be carried into the meeting area. The use of photographic and recording devices is prohibited in the
building. Cell phone use is permitted only in the first floor lobby. The meeting location is accessible to disabled persons and, upon request, we will provide wireless headsets for hearing amplification.
q
PLEASE FOLD ALONG THE PERFORATION, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE.
q
|
|
|
|
|
Proxy Prudential Financial, Inc.
|
|
|
|
|
This proxy is solicited on behalf of the Board of Directors of Prudential Financial, Inc. for the Annual Meeting of
Shareholders to be held at 2:00 p.m. on May 8, 2018.
The undersigned, having received the Notice of Meeting and Proxy Statement dated
March 22, 2018, appoints Margaret M. Foran, Timothy P. Harris and John R. Strangfeld, each of them as proxies, with full power of substitution, to represent and vote all of the undersigneds shares of Common Stock of Prudential Financial,
Inc., held of record on March 9, 2018 at the Annual Meeting of Shareholders to be held at 2:00 p.m., May 8, 2018, or at any adjournment or postponement, upon all subjects that may properly come before the meeting, including the matters
described in the proxy statement, subject to any directions indicated on the reverse side of this card.
If no directions are given, the proxies will
vote in accordance with Board of Directors recommendations as listed on the reverse side of this card and at their discretion on any other matter that may properly come before the meeting.
Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to be held on May 8, 2018.
The Proxy Statement and Annual Report to Shareholders are available at
www.prudential.com/governance
.
|
|
|
|
|
+
|
IMPORTANT SHAREHOLDER INFORMATION
YOUR VOTE COUNTS!
|
|
|
|
|
|
|
|
|
ANNUAL MEETING OF SHAREHOLDERS
|
|
|
|
|
|
|
|
May 8, 2018, 2:00 p.m.
|
|
|
|
|
751 Broad Street, Newark, New Jersey 07102
|
|
|
|
|
|
|
|
You can vote and obtain proxy materials online.
|
|
|
|
|
|
|
|
VOTING INSTRUCTIONS ARE LOCATED
BELOW
|
|
|
|
|
|
Shareholder Meeting Notice & Admission Ticket
|
|
|
|
|
Important Notice Regarding the Availability of Proxy Materials for the
Prudential Financial, Inc. Shareholder Meeting to be Held on May 8, 2018
The proxy materials for the annual meeting are available online. The items to be voted on are listed below. Follow the instructions to view the materials and
vote online.
Your vote is important.
To obtain a paper or
e-mail
copy of the proxy materials follow the instructions on the reverse side.
Proposals to be voted on at the meeting are listed below along with the Board of Directors recommendations.
The Board of Directors recommends that you vote
FOR
Proposals 1 3.
|
1.
|
Election of Directors: Thomas J. Baltimore, Jr., Gilbert F. Casellas, Mark B. Grier, Martina Hund-Mejean, Karl J. Krapek, Peter R. Lighte, George Paz, Sandra Pianalto, Christine A. Poon, Douglas A. Scovanner, John R.
Strangfeld and Michael A. Todman.
|
|
2.
|
Ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for 2018.
|
|
3.
|
Advisory vote to approve named executive officer compensation.
|
The Board of Directors recommends that you
vote
AGAINST
Proposal 4:
|
4.
|
Shareholder proposal regarding an independent Board Chairman.
|
This communication presents only an overview
of the more complete proxy materials that are available to you on the Internet.
We encourage you to access and review all of the important
information contained in the proxy materials before voting.
The proxy statement and annual report to shareholders are available at
www.investorvote.com/prudential
.
|
|
|
|
|
Easy Online Access A Convenient Way to Vote!
|
|
If you have access to the Internet, you can complete the process
in a few easy steps:
|
|
Step 1:
Go to
www.investorvote.com/prudential
|
|
Step 2:
Click
the
View
buttons to see the proxy statement, which contains details of the proposals to be voted on, and the annual report.
|
|
Step 3:
Follow the instructions on the screen to log
in.
|
|
Step 4:
Make your selection as instructed on each screen to
select delivery preferences.
|
|
Step 5:
Make your voting selections as instructed on the screen and click the vote button to submit your vote.
|
PLEASE NOTE YOU CANNOT VOTE BY RETURNING THIS NOTICE. To vote your shares, you must vote online or request a paper
copy of the proxy materials to receive a proxy card.
|
|
|
|
|
∎
|
|
2 N O T
|
|
+
|
002CSP008A
|
|
02QWBF
|
|
|
Shareholder Meeting Notice & Admission Ticket
|
|
|
|
|
Obtaining a Copy of the Proxy Materials If you want to receive a paper or
e-mail
copy of these documents, you must request one. There is no charge to you for requesting a copy.
Please make your request for a copy as instructed below on or before April 27, 2018, to facilitate timely delivery.
|
|
You may still request paper copies of the materials after this
date; however, your vote will not count if received after 11:59 p.m. on May 7, 2018, via the Internet or telephone or after 10:00 a.m. on May 8, 2018, via a proxy card.
|
Heres how to order a copy of the proxy materials and select future delivery preference:
Paper copies:
Current and future paper delivery requests can be submitted via the telephone, Internet or
e-mail
options below.
E-mail
copies:
Current and
future
e-mail
delivery requests must be submitted via the Internet or
e-mail
following the instructions below. If you request an
e-mail
copy of the materials, you will receive an
e-mail
with a link to view the materials on the Internet.
PLEASE NOTE:
You must use the number in the shaded bar on the reverse side when requesting a set of proxy materials.
|
g
|
Internet
Go to
www.investorvote.com/prudential
and follow the instructions to log in and order a paper or e-mail copy of the current meeting materials and submit your preference for e-mail or
paper delivery of future meeting materials.
|
|
g
|
Telephone
Call us free of charge at 1-866-641-4276 using a touch-tone phone and follow the instructions to log in and order a paper copy of the materials by mail for the current meeting. You can
also submit a preference to receive a paper copy for future meetings.
|
|
g
|
E-mail
Send an e-mail to investorvote@computershare.com with Proxy Materials Prudential in the subject line. In the e-mail, include your full name and address, plus the number located in
the shaded bar on the reverse side of this document. State in the e-mail whether you want a paper or e-mail copy of the current meeting materials. You can also state your preference for an e-mail or paper copy for future meetings.
|
If you wish to attend and vote at the meeting, please bring this notice and identification with you.
Prudential Financial, Inc.s Annual Meeting of Shareholders will be held on May 8, 2018, at 751 Broad Street, Newark, New Jersey 07102, at 2:00
p.m.
If you plan to attend the annual meeting, please bring this admission ticket with you.
This ticket admits the shareholder. All meeting
attendees must present valid government-issued photo identification. For your safety, all personal belongings or effects including purses are subject to inspection. With the exception of purses and notepads, no personal items such as briefcases or
bags, of any type, may be carried into the meeting area. The use of photographic and recording devices is prohibited in the building. Cell phone use is permitted only in the first floor lobby. The meeting location is accessible to disabled persons
and, upon request, we will provide wireless headsets for hearing amplification.
02QWBF
Prudential Financial
Director Video Script
Interview: Christine A. Poon by Lata Reddy
Introduction Lata Reddy
Hello. My name is Lata Reddy,
senior vice president of Diversity, Inclusion & Impact at Prudential. Today, I will be talking to Christine Poon, a Prudential director and chair of the Boards Finance Committee.
Question 1
Lata Reddy
Hello Chris. Tell me about yourself.
Chris Poon
Well, my parents immigrated to the U.S. and eventually settled in Ohio where I was raised with my six brothers and sisters.
I always had an interest in both science and business, so after graduate school it was natural for me to seek a job in the life sciences. One of my first jobs
was at Bristol-Myers Squibb, where I stayed for 15 years. From there, I joined Johnson & Johnson, where I served as the Worldwide Chairman of the companys Pharmaceuticals Group. In 2009, I returned to my home state of Ohio where I
served as the Dean of the Max M. Fisher College of Business at The Ohio State University. Today, I am executive in residence at the University, which gives me the opportunity to stay connected to learning from my peers and students.
I have been on the Prudential Board since 2006 and serve on a number of our committees. Currently, I chair the Finance Committee.
Question 2
Lata Reddy
What is the role of the Finance Committee?
1
Chris Poon
The primary purpose of the Finance Committee is to oversee the Companys capital and liquidity management, the incurrence and repayment of borrowings, the
capital structure, and the funding of benefit plans of Prudential and its subsidiaries.
Our oversight of the Companys capital structure
starts with a detailed Capital Policy. The Policy contains core principles for capital management and provides a framework for making capital allocation decisions. Those decisions are then grounded in a multi-year capital plan, which we use to track
the companys progress in executing its strategy.
Question 3
Lata Reddy
Can you describe how the Finance Committee
oversees Prudentials capital structure and the risk protections in place.
Chris Poon
The oversight of liquidity risk is key to our work. As an example, we have engaged with management recently on a liquidity stress testing program. Stress
testing gives us another tool to better understand and monitor the companys financial resources under a variety of scenarios.
Question 4
Lata Reddy
How would you describe
Prudentials Board?
Chris Poon
We are
collaborative and yet direct with each other. We work along with our senior management team to define Prudentials mission and actively oversee Prudentials long-term strategy.
If you look at our directors profiles, you will see that our skills and experiences are extremely diverse. This is a result of a deliberate strategy and
our belief that incorporating diverse views equips the Board to better factor in various risks, consequences, and implications of our actions.
2
Question 5
Lata Reddy
How has this Board evolved and changed during
your tenure?
Chris Poon
Due to our commitment to
succession planning and board refreshment, our average director tenure is about seven years. Over the last five years, we have added directors with finance and capital allocation expertise, Asian market experience, and individuals with broad and
deep histories overseeing global corporate operations.
Appreciating the value of risk oversight, we created a separate Risk Committee in 2016, of which I
am a member, where we oversee the governance of risk throughout the enterprise.
I am very proud of my participation on the Boards Corporate Social
Responsibility Oversight Committee, which oversees all of Prudentials corporate social responsibility efforts and The Prudential Foundation whose mission is to build prosperity for underserved populations by eliminating barriers to financial
and social mobility.
One of the initiatives that I find most exciting is our impact investing program. Since its launch in 1976, we have invested over
$2 billion in organizations that advance our mission. We now hold more than $500 million in active investments, with a commitment to build a $1 billion impact investment portfolio by 2020.
As an example, locally, we have invested in the recapitalization of Newark-based City National Bank of New Jersey, one of the ten largest African-American led
banks in the country, because we believe that banks with roots in local communities are a critical part of the necessary financial services landscape.
Closing Chris Poon
Lata, I hope this gives our investors
some insights about our Board. I know I speak for the entire Board when I say that we are committed to working on behalf of our shareholders to achieve long-term performance and value for our company.
3
Lata Reddy
Thank you again for your time Chris.
4
Prudential Financial
Director Video Script
Interview: Thomas J. Baltimore by Peggy Foran
Introduction Peggy Foran
Hello. My name is Peggy Foran,
chief governance officer at Prudential. Today, I will be talking to Thomas Baltimore, Prudentials Lead Independent Director.
Question 1
Peggy Foran
Hello Tom. Tell me about your
background.
Tom Baltimore
I have been a Prudential
Board member since 2008.
I was raised in Silver Spring, Maryland and am the oldest of five children. My late parents were high school sweethearts and
attended segregated schools near Warrenton, Virginia. They dreamed of a better life for their children and stressed prayer, preparation, and perseverance. My mothers greatest joy was seeing all five of her children graduate from college. I had
no better mentors than my parents.
I attended the University of Virginia for undergraduate and graduate school.
Professionally, I have spent nearly my entire career in the hospitality industry. Prior to my current role as chairman and CEO of Park Hotels &
Resorts, I was president and CEO of RLJ Lodging Trust, which I
co-founded
with Robert L. Johnson. Prior to RLJ, I was with Hilton Hotels. I started my hospitality career at Marriott.
Question 2
Peggy Foran
Talk about your role as Lead Independent Director.
1
Tom Baltimore
I was nominated by my independent peers at last years annual meeting. 12 directors sit on Prudentials Board, of which 10 are independent.
Our Lead Independent Director Charter calls for me to serve for a term of one year and prohibits a director from serving more than three years.
Our Board gave careful thought to structuring the Lead Independent Director role. Important features include:
|
|
|
The Lead Independent Director presides over all executive sessions where the chairman and CEO is not present;
|
|
|
|
Approval of all Board agendas, meeting schedules, and information sent to the Board; and
|
|
|
|
Availability to meet with investors.
|
Question 3
Peggy Foran
What are the qualities that make
Prudentials Board special?
Tom Baltimore
I
would describe Prudentials Board as a combination of three attributes: respect, trust, and collaboration.
Our directors have developed mutual
respect due to our common commitment to the company and its stakeholders. Because we respect each another, we have developed trust.
We all have access to
the same information, and we feel comfortable exchanging our candid views, and challenging our Board colleagues and management when necessary.
Our annual
Board evaluation also presents an opportunity for directors to share their opinions about the Boards performance, and areas for improvement.
2
Question 4
Peggy Foran
What is the Boards view on diversity?
Tom Baltimore
Prudentials commitment to
diversity is evident in the Boards composition. Over
two-thirds
of our Board is diverse. Beyond gender and race, our directors represent a diversity of ideas, backgrounds, skills, and experience.
The culture of diversity permeates throughout the organization where 50% of our U.S. employees are women and nearly 30% of our U.S. employees are people of
color.
We believe that our Boards diversity enhances our ability to better understand and address the needs of our customers who are both diverse
and global.
Question 5
Peggy Foran
What is the Boards view on talent management?
Tom Baltimore
Our Board agrees that talent is the driver
that distinguishes Prudential from our competitors. For this reason, talent is discussed at every board meeting.
As a business leader and board member, I
appreciate that without the right people to execute and deliver a companys strategy and objectives at
all levels
, we are at risk to reach our full potential. Another aspect of why I believe Prudentials Board is unique is that
talent development is an essential part of this companys culture.
Closing Tom Baltimore
Peggy, I hope this gives our investors perspective about our Board. I know I speak for the entire Board when I say that we are committed to working on behalf
of our shareholders to achieve long-term performance and value for our company.
3
Peggy Foran
Thank you again for your time Tom.
4
Prudential Financial (NYSE:PRU)
Historical Stock Chart
From Mar 2024 to Apr 2024
Prudential Financial (NYSE:PRU)
Historical Stock Chart
From Apr 2023 to Apr 2024