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 Friday 18th July 2020, for a term of three years.

The Secretary to the Board is Ms. Zenabe Daman.

Members of FSA Board of Directors as at 18th July 2020

Patrick Payet

Patrick Payet

Chairman

    Damien Thesee

    Damien Thesee

    Chief Executive Officer

      Seylina Verghese

      Seylina Verghese

      Board Member

        David Esparon

        David Esparon

        Board Member

          Philip Moustache

          Philip Moustache

          Board Member

            Robert Stravens

            Board Member

              Samantha Esparon

              Samantha Esparon

              Member

                Wendy Pierre

                Wendy Pierre

                Member

                  Richard Rampal

                  Richard Rampal

                  Member

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                    The Board carries out its function though the following sub-committees:
                    Audit 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.