Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Running Your Business

Prudential Board Gives Shareholders Voice On Comp

X
Your article was successfully shared with the contacts you provided.

An insurer will be letting investors have some say over how top executives are paid.

The board of Prudential Financial Inc., Newark, N.J., has approved a measure that will permit shareholders to cast an “advisory vote” on executive compensation.

The advisory vote system will take effect at Prudential annual meetings starting in 2010.

The system will permit Prudential shareholders to weigh in on the overall executive compensation policies and procedures employed by the compensation committee for Prudential’s highest-level executive officers every other year, the company says.

Jon Hanson, Prudential’s lead director, says the company board adopted the new policy in response to shareholder input.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.