Prudential Life Insurance Publishes Third-Party Committee Report on Money Fraud Issue

Jiji Press··JP·Read original
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Summary · why it matters

Prudential Life Insurance published on the 8th the investigative report of a third-party committee concerning the money fraud issue involving employees. The report cited an "corporate culture that places excessive emphasis on sales performance" as a cause of the misconduct.

Impact on assets 1

Aging Population▼
Prudential Financial, Inc.
PRU
▼ NegativeRegulationrelevance

Third-party committee report on employee money fraud cites excessive sales-performance culture, exposing legal/compliance and reputational risk.