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GOVERNANCE

Board Of Directors

The Board of Directors of the Commission is constituted under Section 5 of the Financial Services Commission Ordinance 2007 and consists of seven members, two of whom (the Managing Director and the Permanent Secretary of Finance) are ex officio.

The functions of the Board of the Commission are detailed in section 6 of the Financial Services Commission Ordinance 2007.

The Board is the governing body of the Commission and its principal functions are – 

  • to establish the policy of the Commission and monitor and oversee its implementation;
  • to monitor and oversee the management of the Commission by the Managing Director with the objective of ensuring that – 
    1. the resources of the Commission are utilised economically and efficiently;
    2. adequate internal financial and management controls are in place;
    3. the Commission is operated in accordance with principles of good governance; and
    4. the Commission fulfils its statutory obligations and properly discharges its functions;
  • to approve the financial estimates of the Commission for submission to Governor in Cabinet;
  • to approve the Commission’s financial statements and to appoint a suitably qualified person to audit the Commission’s financial statements; and
  • to appoint the Commission’s senior officers, except for the managing director, including the Registrar of Companies.

In establishing the policy of the Commission, the Board shall have regard to such general directions as may be given to the Commission by the Governor in writing.

 

 

Sir. Errol Allen

Sir. Errol Allen

Chairman

Mr. Oswald Simons

Mr. Oswald Simons

Deputy Chairman

Niguel S Streete

Niguel S Streete

Managing Director

Ms. Athenee Harvey-Basden

Ms. Athenee Harvey-Basden

PS Finance (Ex Officio)

Mr. Kevin Mann

Mr. Kevin Mann

Director

Mr. Neville Grant

Mr. Neville Grant

Director

Dr. David Oakden

Dr. David Oakden

Director