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New Manulife director breaks the ice with buying

Aaron Vincent Elkaim/THE CANADIAN PRESS

The last time we wrote about Manulife Financial Corp. was in May, 2007, when insiders were selling. Their profit-taking was timely in light of the ensuing global financial crisis. Since the Lehman Brothers collapse, the Manulife board has undergone changes. One of the new directors is Susan Dabarno, appointed this month. On March 6, she bought 30,000 shares in the public market. Seeing a new director put money on the line is encouraging. Teck Resources CEO Donald Lindsay also bought shares after joining the Manulife board in 2010.

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.

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