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| | Strategic Direction
The Board has ultimate oversight for reviewing Manulife’s strategies and plans, and monitoring our performance in executing our strategies and meeting planned objectives.
Each year, after consultations and meetings with management, the Board reviews and approves strategic business plans for the Company and its divisions, and related opportunities and risks to Manulife. The Board also considers issues relating to our lines of business and reviews the allocation of our resources.
The Board receives regular updates from the CEO and management on strategic developments and on Manulife’s performance vis-à-vis the strategic plan, and ensures plans are adjusted to reflect new conditions or environmental factors.
The Board also reviews and approves financial statements, major investments, the raising of capital, organizational restructuring and other items of significance such as mergers, acquisitions and divestitures.
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