SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of April, 2020
PRUDENTIAL PUBLIC LIMITED COMPANY
(Translation of registrant's name into English)
1 Angel Court, London,
England, EC2R 7AG
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover Form 20-F or Form 40-F.
Form
20-F X
Form 40-F
Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes
No X
If
"Yes" is marked, indicate below the file number assigned to the
registrant
in connection with Rule 12g3-2(b): 82-
9 April 2020
Update on Executive Director Remuneration
Prudential plc ("Prudential") today provides an update on the
remuneration of its Executive Directors in 2020.
While the full impact of Covid-19 is still emerging, Prudential has
a highly resilient business model and remains well placed to
support its customers and distribution partners, and deliver
profitable growth for its shareholders.
In light of the current situation and the need for continued
restraint in executive remuneration, Prudential's Executive
Directors have proposed the following changes to
their remuneration in 2020, which have been accepted
by the Board's Remuneration Committee:
●
A
reduction in the salaries of Executive Directors to the level
on 31 December 2019, with effect from 1 April 2020.
●
A
reduction in the pension benefits of incumbent Executive Directors
from 25 per cent to 13 per cent of salary, with effect
from 14 May 2020.
●
The
Group Chief Financial Officer and Chief Operating Officer's 2020
Prudential Long Term Incentive Plan award will be maintained at 250
per cent and will no longer increase to 300 per cent of
salary.
The Remuneration Committee will operate these changes within the
Directors' Remuneration Policy proposed at the Annual General
Meeting on 14 May 2020.
Enquiries:
Media
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Investors/Analysts
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Jonathan Oliver
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+44 (0)20 3977 9500
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Patrick Bowes
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+44 (0)20 3977 9702
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Tom Willetts
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+44 (0)20 3977 9760
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William Elderkin
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+44 (0)20 3977 9215
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Notes to Editors:
About Prudential plc
Prudential plc is an Asia-led portfolio of businesses focused on
structural growth markets. The business helps individuals to
de-risk their lives and deal with their biggest financial concerns
through life and health insurance, and retirement and asset
management solutions. Prudential plc has 20 million customers and
is listed on stock exchanges in London, Hong Kong, Singapore and
New York. Prudential plc is not affiliated in any manner with
Prudential Financial, Inc., a company whose principal place of
business is in the United States of America, nor with the
Prudential Assurance Company, a subsidiary of M&G plc, a
company incorporated in the United Kingdom.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
Date: 09 April 2020
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PRUDENTIAL
PUBLIC LIMITED COMPANY
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By:
/s/ Thomas S Clarkson
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Thomas
S Clarkson
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Company
Secretary
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