Governance at Manulife The table below provides highlights of our continuing education program for directors in 2022: Topic Date Attendees Business and operations Global Wealth & Asset Management Overview February 2022 board Asia Overview May 2022 board U.S. Overview June 2022 board Canada Overview November 2022 board Market trends and regulatory updates ESG February 2022 board May 2022 December 2022 Cybersecurity February 2022 risk May 2022 committee August 2022 November 2022 Transition to IFRS 17 May 2022 board June 2022 Impact of Inflation and Interest Rates June 2022 board Innovation Strategy June 2022 board Future of Long Term Care September 2022 board Future Trends in Digital Customer Needs September 2022 board Global Geo-politics September 2022 board Macroeconomic Environment and Global Outlook September 2022 board Updates in Corporate Governance December 2022 board We also encourage directors to participate in outside professional development programs. We pay for these expenses so long as the program is approved in advance according to established procedures. All of our directors are members of the Institute of Corporate Directors (ICD) and the National Association of Corporate Directors (NACD), which provide continuing education for directors through publications, seminars and conferences. They are also provided with corporate subscriptions to certain relevant industry publications. ASSESSMENT The board carries out an annual self-assessment which is tailored each year to address the board’s current priorities. The self-assessment process includes an assessment of the performance and effectiveness of: • the board and the board chair vis-à-vis the board’s objectives • the committees and the chairs of those committees vis-à-vis the committee objectives • themselves and their peers • the board’s relationship with management (including feedback from management where appropriate). The results of the board’s self-assessment and of the assessment of the Chair of the Board are reviewed by the corporate governance and nominating committee and the Chair of that committee reports on those results to the full board. The board meets in camera to discuss the feedback and agree on its objectives for the coming year. The Chair of the Board shares peer feedback with individual directors as appropriate. 2023 Management information circular 133