Manulife announces results of external auditor tender process
Manulife Financial has announced the Board's decision to re-appoint Ernst & Young LLP (EY) as its external auditor following a comprehensive tender process conducted in 2024. The selection process evaluated submissions from EY and two other global audit firms, with oversight from the Board's Audit Committee.
The decision came after Manulife's 2021 announcement to conduct an audit tender following the first annual audit cycle post-IFRS 17 Insurance Contracts adoption. EY's selection was based on their independence, commitment to audit quality, and their global team's qualifications suited to Manulife's complex business. The formal appointment will be submitted for shareholder approval at the Annual Meeting.
Manulife Financial ha annunciato la decisione del Consiglio di riaffidare a Ernst & Young LLP (EY) il ruolo di revisore esterno, dopo un ampio processo di gara svolto nel 2024. Il processo di selezione ha valutato le proposte di EY e di altre due società di revisione globali, con la supervisione del Comitato di Revisione del Consiglio.
La decisione è giunta dopo l'annuncio di Manulife nel 2021 di condurre una gara per la revisione, a seguito del primo ciclo annuale di revisione post-adozione di IFRS 17 Contratti Assicurativi. La scelta di EY è stata basata sulla loro indipendenza, impegno per la qualità della revisione e le qualifiche del loro team globale, adatte alla complessa attività di Manulife. La nomina formale sarà sottoposta all'approvazione degli azionisti durante l'Assemblea Annuale.
Manulife Financial ha anunciado la decisión de la Junta de volver a nombrar a Ernst & Young LLP (EY) como su auditor externo tras un exhaustivo proceso de licitación llevado a cabo en 2024. El proceso de selección evaluó las propuestas de EY y de dos otras firmas globales de auditoría, bajo la supervisión del Comité de Auditoría de la Junta.
La decisión se tomó después del anuncio de Manulife en 2021 de realizar una licitación de auditoría tras el primer ciclo anual de auditoría posterior a la adopción de IFRS 17 Contratos de Seguro. La selección de EY se basó en su independencia, compromiso con la calidad de la auditoría y las calificaciones de su equipo global, adecuadas para el complejo negocio de Manulife. La designación formal se someterá a la aprobación de los accionistas en la Junta Anual.
만나라이프 금융은 2024년에 실시된 종합 입찰 프로세스 결과로 언스트 앤 영 LLP (EY)를 외부 감사인으로 재임명하기로 이사회가 결정했다고 발표했습니다. 선정 과정은 EY와 두 개의 다른 글로벌 감사 회사의 제안을 평가했으며, 이사회의 감사 위원회의 감독을 받았습니다.
이 결정은 만날라이프가 IFRS 17 보험 계약 채택 이후 첫 연간 감사 주기가 끝난 후 감사를 실시하겠다고 2021년에 발표한 후에 이루어졌습니다. EY의 선택은 그들의 독립성, 감사 품질에 대한 헌신, 그리고 만날라이프의 복잡한 비즈니스에 적합한 글로벌 팀의 자격을 바탕으로 했습니다. 공식 임명은 연례 총회에서 주주 승인을 위해 제출될 예정입니다.
Manulife Financial a annoncé la décision du Conseil de réinviter Ernst & Young LLP (EY) en tant qu'auditeur externe après un processus d'appel d'offres complet mené en 2024. Le processus de sélection a évalué les soumissions d'EY et de deux autres cabinets d'audit mondiaux, avec la supervision du Comité d'Audit du Conseil.
Cette décision est intervenue après l'annonce de Manulife en 2021 concernant la réalisation d'un appel d'offres pour l'audit, suite au premier cycle annuel d'audit après l'adoption de l'IFRS 17 Contrats d'Assurance. La sélection d'EY a été fondée sur leur indépendance, leur engagement envers la qualité de l'audit et les qualifications de leur équipe mondiale adaptées à l'activité complexe de Manulife. La nomination formelle sera soumise à l'approbation des actionnaires lors de l'assemblée générale annuelle.
Manulife Financial hat die Entscheidung des Vorstands bekannt gegeben, Ernst & Young LLP (EY) nach einem umfassenden Ausschreibungsverfahren im Jahr 2024 erneut als externen Abschlussprüfer zu ernennen. Der Auswahlprozess hat die Angebote von EY und zwei weiteren globalen Wirtschaftsprüfungsgesellschaften bewertet, wobei der Prüfungs- und Prüfungsausschuss des Vorstands die Aufsicht führte.
Die Entscheidung folgte auf die Ankündigung von Manulife im Jahr 2021, eine Ausschreibung für die Prüfung durchzuführen, nachdem der erste jährliche Prüfungszyklus nach der Annahme von IFRS 17 Versicherungsverträgen abgeschlossen war. Die Auswahl von EY basierte auf deren Unabhängigkeit, Engagement für Prüfungsqualität und den Qualifikationen ihres globalen Teams, die für das komplexe Geschäft von Manulife geeignet sind. Die offizielle Ernennung wird den Aktionären auf der Jahreshauptversammlung zur Genehmigung vorgelegt.
- Completion of a thorough and competitive external auditor selection process demonstrating strong corporate governance
- Proactive approach to auditor evaluation despite no mandatory rotation requirements
- None.
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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 appointment of EY is submitted to shareholders for approval at the Company's annual meeting of common shareholders ("Annual Meeting") each year.
EY was selected based on their proven ability to maintain independence, a steadfast commitment to audit quality, and the outstanding qualifications of the global engagement team that are well-suited to Manulife's complex and evolving business. Further details of the audit tender process will be included in Manulife's 2025 Management Information Circular, which will be published in advance of the 2025 Annual Meeting.
About Manulife
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SOURCE Manulife Financial Corporation
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