FSA Annual Report 2006/07 - Better Regulation Ltd
FSA Annual Report 2006/07 - Better Regulation Ltd
FSA Annual Report 2006/07 - Better Regulation Ltd
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
56<br />
Section five – <strong>Report</strong> of the Directors<br />
<strong>FSA</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2006</strong>/<strong>07</strong><br />
Table 5.2<br />
Name Board NedCo RemCo AuditCo RiskCo Original Expiry of<br />
meetings appointment current term<br />
date<br />
Clive Briault g 11/11 1 April 2004 31 March 2010<br />
James Crosby c g 10/11 4/4 2/2 3/4 15 January 2004 14 January 2010<br />
Tom de Swaan d 6/8 1/2 1/1 3/3 19 January 2001 18 January 20<strong>07</strong><br />
Peter Fisher 3/3 2/2 1/1 19 January 20<strong>07</strong> 18 January 2010<br />
Brian Flanagan 2/3 1/2 0/1 1/1 19 January 20<strong>07</strong> 18 January 2010<br />
Karin Forseke 11/11 4/4 4/4 1 December 2004 30 November 20<strong>07</strong><br />
Sir John Gieve 11/11 4/4 2/4 16 January <strong>2006</strong> 15 January 2009<br />
Kyra Hazou 8/8 2/2 3/3 3/3 19 January 2001 18 January 20<strong>07</strong><br />
Dame Deirdre Hutton a b h 11/11 4/4 2/2 4/4 11 December 1997 10 December 20<strong>07</strong><br />
David Kenmir g 11/11 1 April 2004 31 March 2010<br />
Sir Callum McCarthy 11/11 22 September 2003 21 September 2008<br />
Professor David Miles g 10/11 4/4 4/4 1 April 2004 31 March 2010<br />
Hector Sants g 10/11 4 May 2004 3 May 2010<br />
Michael Slack 10/11 4/4 2/2 3/4 1 December 2004 30 November 20<strong>07</strong><br />
Hugh Stevenson e f g 11/11 4/4 3/3 1 June 2004 31 May 2010<br />
John Tiner g i 11/11 22 September 2003 21 September 2009<br />
Clive Wilkinson 8/8 2/2 3/3 19 January 2001 18 January 20<strong>07</strong><br />
Key<br />
a Chairman of NedCo<br />
d Chairman of RiskCo during the year from<br />
1 April <strong>2006</strong> to 2 January 20<strong>07</strong><br />
g Director serving second concurrent term<br />
b Chairman of RemCo<br />
e Chairman of RiskCo from 3 January 20<strong>07</strong><br />
h Director serving fourth concurrent term<br />
c Chairman of AuditCo<br />
f Chairman of <strong>FSA</strong> Pension Plan Trustee <strong>Ltd</strong><br />
i John Tiner has resigned from his position<br />
early, with effect from 19 July 20<strong>07</strong><br />
The only members of the <strong>FSA</strong> are the Directors. Each current Director has undertaken to guarantee the liability of the <strong>FSA</strong> up to an amount of £1.<br />
The Executive Directors are not directors of any UK listed companies and have no other paid positions.<br />
Sir John Gieve is the Deputy Governor, Financial Stability at the Bank of England and is an ex-officio member of the Board of the <strong>FSA</strong>. In a<br />
reciprocal arrangement with the Bank of England, Sir Callum McCarthy serves as a member of the Court of the Bank of England.<br />
All the <strong>FSA</strong>’s Directors are appointed by HM Treasury in line with the Code of Practice issued by the Commissioner for Public Appointments.<br />
The Chairman of the <strong>FSA</strong> is appointed for a five-year term and all other Directors are appointed for three-year terms. The Executive Directors have<br />
continuous employment contracts with the <strong>FSA</strong>, details of which are given in the remuneration report on page 63, and they have three-year<br />
renewable terms as Directors.