Board of Directors

The Board of the FSA is the governing body of the Authority and is empowered pursuant to Section 6 of the FSA Act to establish the policy of the Authority and monitor and oversee its implementation. The Board oversees the management of the Authority by the Chief Executive Officer in terms of ensuring that the resources of the Authority are utilized economically and efficiently, the internal management and financial controls of the Authority are adequate, that the Authority operates in accordance with the principles of good governance and fulfils its statutory obligations and properly discharges its functions. The Board is established pursuant to Section 5 of the FSA Act. The Board is presided over by the Chairperson, who is appointed by the President.

The members of the Board are appointed for a fixed term. Members include representation from both the public and private sector. Membership is in line with Section 5 of the FSA Act and includes both ex-officio representatives as well as members appointed by the President.

President Danny Faure appointed a new Board of the FSA, effective Thursday 21st January, 2021, for a term of three years.

The Secretary to the Board is Ms. Zenabe Daman.

Members of FSA Board of Directors as at 14th September 2021

Mr. Patrick Payet

Mr. Patrick Payet

Chairman

    Mr. Damien Thesee

    Mr. Damien Thesee

    Chief Executive Officer

      Mr. Richard Rampal

      Mr. Richard Rampal

      Board Member

        Ms. Seylina Verghese

        Ms. Seylina Verghese

        Board Member

          Mr. Philip Moustache

          Mr. Philip Moustache

          Board Member

            Ms. Samantha Esparon

            Ms. Samantha Esparon

            Board Member

              Ms. Wendy Pierre

              Ms. Wendy Pierre

              Board Member

                Mr. Robert Stravens

                Board Member

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                  The Board carries out its function though the following sub-committees:
                  Audit and Risk Committee

                  The Audit Committee is charged with oversight of the FSA’s audit and control functions. The Audit Committee assists the Board in fulfilling its oversight responsibilities and reviews the financial reporting process, the internal control and risk management system, the internal audit process and the process for monitoring compliance with laws, regulations and governance.

                  Members of the Audit Committee

                  Ms. Samanta Esparon – Chairperson

                  Ms. Seylina Verghese – Member

                  Mr. Richard Rampal – Member

                  Secretary to the Committee Ms. Ammu Chetty

                  The Term of Reference of the Audit Committee can be found here.