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Board Committees

The Board is responsible for the stewardship of the Company. Directors are responsible for overseeing the management of the business and affairs of the Company.

• Board of Directors' Mandate 
• Audit Committee
• Corporate Governance and Nominating Committee
• Management Resources and Compensation Committee
• Risk Committee
  

Audit Committee
The “Audit Committee” is responsible for assisting the Board of Directors in its oversight of the Company’s internal control over financial reporting; the effectiveness of Manulife’s risk management and compliance practices; the independent auditor’s performance, qualifications and independence; the performance of the Company’s internal audit function; the Finance, Actuarial and Global Compliance functions; and the Company’s compliance with legal and regulatory requirements.  The Audit Committee also acts as the conduct review committee of the Company, and assists the Board of Directors in its oversight of conflicts of interest; confidential information; complaints of customers; and transactions that involve parties related to the Company.

Corporate Governance and Nominating Committee
The “Governance Committee” identifies individuals qualified and suitable to become Board members and recommends to the Board the director nominees for each annual meeting of shareholders. Members of the Governance Committee also assist the Board in overseeing the development of Manulife’s corporate governance policies, practices and processes; the effectiveness of the Board of Directors, its committees and the Chairs of those committees and the contributions of individual Directors.

Management Resources and Compensation Committee
The “Management Resources Committee” assists the Board of Directors in its oversight role with respect to Manulife’s global human resources strategy, policies and programs; and all matters relating to the appropriate utilization of human resources within the Company, with special focus on management succession, development and compensation including the President and Chief Executive Officer.

Risk Committee
The “Risk Committee” assists the Board in its oversight of the Company’s management of its Principal Risks including reviewing the Principal risks and assessing whether the key risks of the Company have been identified; reviewing, and approving if appropriate, management’s recommended policies, procedures and controls used to identify, assess and manage the Company’s principal risks; assessing the Company’s programs, procedures and controls in place to manage its Principal Risks; and reviewing the Company's compliance with its risks management policies and legal and regulatory requirements.