Policies and procedures cited for ongoing success
NEWARK, N.J.–(BUSINESS WIRE)–For the 16th year, the National Association for Female
Executives (NAFE) has placed Prudential Financial on the “Top 60
Companies for Executive Women” list. Prudential earned ‘Hall of Fame’
distinction last year for its policies and practices in support of women
professionals and has been recognized this year for continuing to create
a culture that supports their careers.
“Our position as a Top 60 Company for the past 16 years highlights our
ongoing commitment to fostering the careers of talented women,” says Sharon
Taylor, senior vice president of Human Resources. “Prudential’s
history of creating opportunities for women and supporting them as they
achieve success in business and life has stood the test time and
distinguishes us as a leading employer of choice.”
Dr. Betty Spence, NAFE President, applauded this year’s companies as
leading influencers in the advancement of women professionals. “Though
progress of women into senior positions has slowed nationally, the 2016
NAFE Top Companies are leading the way in moving women into power
positions where they have the influence to innovate and boost profits,”
says Dr. Spence.
Key findings from this year’s list reveal that 52% of the companies on
the 2016 NAFE Top 60 have at least four women on their boards of
directors; an average of 28% of board of director members are women;
every NAFE Top Company CEO requires a report to him/her on women’s
advancement metrics and 92% of them review senior-level succession plans
for gender equity, and women at the NAFE Top Companies this year
received on average 44% of promotions to the manager level and above.
“The NAFE Top Companies are where women are increasingly making the
decisions that affect their company’s future and its bottom line,” says
Subha V. Barry, Vice President and General Manager, Working Mother
Media. “They are setting standards for advancing women into positions to
lead businesses, set policy and take profit-and-loss responsibility.”
The 2016 NAFE Top Companies application includes some 200 questions on
female representation at all levels, especially the corporate officer
and profit-and-loss ranks. The vetting process includes tracking access
and usage of programs and policies that promote the advancement of women
as well as the training and accountability of managers in relation to
the number of women who advance. In order to be eligible for the NAFE
Top Companies survey, entrants must have a minimum of 1,000 employees,
two women on the Board of Directors and be a public or private company.
NAFE also separately names the Top 10 companies in the nonprofit sector.
The National Association for Female Executives (NAFE), founded in 1972,
serves 20,000 members nationwide with networking, tools and solutions to
strengthen and grow their careers and businesses. Working
Mother magazine publishes the annual NAFE Top Companies list. NAFE.com
provides up-to-date information, community for women in business and
access to member benefits. NAFE is a division of Working Mother Media,
owned by the Bonnier Corporation.
Prudential Financial, Inc. (NYSE: PRU), has operations in the United
States, Asia, Europe, and Latin America. Prudential’s diverse and
talented employees are committed to helping individual and institutional
customers grow and protect their wealth through a variety of products
and services, including life insurance, annuities, retirement-related
services, mutual funds and investment management. In the U.S.,
Prudential’s iconic Rock symbol has stood for strength, stability,
expertise and innovation for more than a century. For more information,
please visit http://www.news.prudential.com/
Prudential Financial, Inc.
Peter Price, 973-802-6487