Manulife Financial Corp. and The Manufacturers Life Insurance Co. announced Thursday that Sheila Fraser has been appointed to their boards of Directors, effective November 2.

Fraser will sit on the audit committee and the conduct review and ethics committee.

“Ms. Fraser’s financial background, management experience as Auditor General of Canada and leadership roles on international accounting issues make her an important addition to Manulife,” said Manulife chair, Gail Cook-Bennett. “We are delighted to welcome Sheila Fraser to our boards.”

Fraser served as Auditor General of Canada from 2001 to 2011. Prior to joining the Office of the Auditor General as Deputy Auditor General in 1999, she was a partner at Ernst and Young for 18 years.

Her contributions to the accounting and auditing profession include her current role as member of the International Federation of Accountants-International Public Sector Accounting Standards Board (IFAC-IPSASB). She has also chaired two committees of the International Organization of Supreme Audit Institutions (INTOSAI) as well as the Public Sector Accounting Board of the Canadian Institute of Chartered Accountants.

Fraser earned a Bachelor of Commerce from McGill University, is a Chartered Accountant and among her many honours has received the designation “Fellow” from the Institute of Chartered Accountants of Ontario and the Ordre des comptables agréés du Québec.