Prudential Financial: Prioritizing diversity in the boardroom

Executive summary
“Our culture is our oxygen. It makes it possible for us to achieve things that are difficult for other companies to replicate.” This is a point often made by Prudential Financial Chairman and CEO John Strangfeld, who considers diversity to be both a differentiator and an essential component of the company’s culture. He also understands that the path to a collaborative, inclusive culture starts at the top. To ensure this philosophy extends well beyond the C-suite, Strangfeld has surrounded himself with a leadership team who understands the power and the wisdom of teamwork and diversity.
Prudential’s commitment to diversity is also evident in its Board of Directors. A full two-thirds of Prudential’s board is diverse, and 80 percent of its non-employee directors represent diverse groups. This degree of diversification at the board level — where there is more often a dearth — is deliberate. For a company working to meet the needs of a diverse customer base, Prudential sees having a variety of talent and experience in the boardroom as a competitive advantage, leading to better decisions and stronger performance.