The Board of Directors
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. The Board meets at least three times annually. The members of the Board have ready access to management accounts and members of the management team at any time as per their request. Material transactions will be presented to the Board for approval as organized by the Company Secretary.
List of Members
- Lucy Taylor-Smith (Chairperson)
Neo Ban Chuan
The Audit Committee
The Audit Committee is responsible for assisting the Board of Directors in its oversight role with respect to the quality and integrity of financial information, the effectiveness of the Company's risk management and compliance practices, the external auditors' performance, the performance of the Company's internal audit function, and the Company's compliance with legal and regulatory requirements.
List of Members
- Neo Ban Chuan, Chairman
- Ian Tham Khean Hin
- Betty Pun Po Ping
The Board considers that there is at present no need to establish an Executive Committee.
The members of our Board are appointed by Asia Head Office. There is at present no Nominating Committee within the Board as Manulife (Singapore) Pte Ltd is a private company and a wholly owned subsidiary of Manulife Financial. As we are committed to ensuring the long-term success and protection of our policy holders, the Company only seeks to appoint fit and proper candidates who are qualified for the office to the Board.
We do not have a Remuneration Committee at present as our executive remuneration is approved by our Asia Head Office. The considerations on executive remuneration are based on our global human resource strategy, policies and programs as well as performance evaluation. Board remuneration is now made in consultation with experts who render advice on appropriate remuneration policies. As the Company is a wholly owned subsidiary and a private company, remuneration of the Directors and the select key executives is accessible by our holding company.
The Executive Investment Committee
The Executive Investment Committee has responsibility to assist the Board to monitor the investment strategies and processes in place for the Company in relation of the investment activities which the Company carries out on its own behalf of policyholders. As such the Executive Investment Committee exercises the authority and power delegated to it by the Board.
The Committee shall consist of a minimum of 4 members and shall at all times include among its membership, the Chief Executive Officer, Appointed Actuary and the Chief Investment Officer.
The Executive Risk Committee
The Board is responsible for overseeing the Company's management of its principal risks. The Board delegates accountability for risk management to the Chief Executive Officer of the Company, who is assisted by the Chief Risk Officer, and other members of the Executive Risk Committee in carrying out this responsibility. The Executive Risk Committee shall comprise a minimum of 5 members and shall at all times include among its membership, The Chief Executive Officer, the Appointed Actuary, Chief Risk Officer and Chief Legal & Compliance Officer.