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. 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.