Prudential PLC has announced several changes to its board, including the appointment of Mark Saunders as a Non-executive Director. Saunders, with 35 years of experience in the insurance industry and Asia markets, will join the Board and become a member of the Audit and Risk Committees from April 1, 2024. Additionally, David Law, the current Chair of the Audit Committee, will retire from the Board at the conclusion of the Annual General Meeting on May 23, 2024, and Jeanette Wong will succeed him as Chair of the Audit Committee from March 20, 2024.
Shriti Vadera, Chair of Prudential PLC, will also join the Remuneration Committee as a member following the AGM. Vadera expressed her delight at Saunders' appointment, highlighting his extensive industry knowledge and actuarial skills as valuable assets to the Board and Committees. The company expressed gratitude to David Law for his significant contribution and welcomed Jeanette Wong to her new role.
Mark Saunders, a Fellow of the Faculty of Actuaries of the UK and the Actuarial Society of Hong Kong, will receive an annual fee for his directorship and committee memberships. He will also join the Board of Prudential Corporation Asia Limited from April 1, 2024. Regulatory disclosures confirm Saunders' independence and lack of financial interest in the company's business or its subsidiaries.
The announcement provides a comprehensive overview of the changes to the Prudential PLC board, emphasizing the wealth of experience and expertise that Mark Saunders brings to the company. The transition of leadership within the Audit Committee and the addition of Shriti Vadera to the Remuneration Committee reflect the company's commitment to maintaining strong governance and strategic oversight.