Manulife announces results of external auditor tender process [Globe and Mail, The (Toronto, Canada)]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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US:NYSE Investor Relations:
manulife.com/investor-relations
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Source: Globe and Mail, The
announced that the Board of Directors of Manulife (the "Board") have endorsed the re-appointment of Ernst & Young LLP ("EY") as the Company's external auditor. The decision was made following a thorough and competitive external auditor tender process. The selection process carefully considered the submissions of EY and two other globally recognized audit firms and was independently overseen by the Audit Committee of the Board. While Manulife is not subject to mandatory auditor rotation requirements, in 2021, Manulife announced the intention to undertake an audit tender process once the first annual audit cycle following the adoption of IFRS 17 Insurance Contracts was complete following consideration of best practice governance guidelines and shareholder feedback. An extensive and robust evaluation process was conducted throughout 2024 resulting in a recommendation from the Audit Committee, endorsed by the Board, to continue with EY as the Company's external auditor. Formal appoint
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