M&G plc
Company characteristics
| Assessed report publication year | |
|---|---|
| Financial year end | 31/12/23 |
| Sector | Financials |
| Head office | United Kingdom |
| Primary listing | London Stock Exchange |
| GBP market cap | 5,267,864,449 |
| Net profit margin | 2.89% |
| CEO tenure | 1.2 years |
| Employee count | 8,145 |
| FRF draft assessment response |  |
Reward scrutiny
| Living wage accredited | |
Living wage (calculation for operating regions) |  |
|---|---|---|---|
| Living hours accredited | |
Tax reporting (GRI 207) | |
Remuneration policies
| Remuneration committee 100% independent | |
Remuneration committee discretion applied | |
|---|---|---|---|
| Director from workforce | |
Trade union relations (disclosure) | |
| Worker consultation on top pay (disclosure) | |
80%+ shareholder support on pay | |
Reward outcomes
| CEO total pay (GBP) | 2,745,000 | CEO total pay change | -59.19% |
|---|---|---|---|
| CEO pay ratio (to median employee) | 28:1 | Percentage point increase in maximum variable remuneration | — |
| Pension award parity between CEO and wider workforce | |
Pay of the next highest exec compared to CEO | 62.14% |
| Gender pay gap (mean data) | M&G plc all entities: 28.5% M&G FA ltd: 32.2% Prudential Distribution Limited: 22.9% IFDL: 16.6% M&G Corporate Services Limited: 32.2% | Gender pay (women % in top quartile) | 29% |
| Ethnicity pay gap (disclosure) | |
Total dividend (GBP) | 463,000,000 |