FSA Annual Report 2006/07 - Better Regulation Ltd

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Section five – Report of the Directors FSA Annual Report 2006/07 55 Report of the Directors for the year ended 31 March 2007 Throughout the Directors’ Report, references are made to the FSA’s website. The full addresses are detailed below. Table 5.1 Financial Risk Outlook Business Plan Corporate Responsibility Health & Safety Equal Opportunity http://www.fsa.gov.uk/Pages/Library/Corporate/Outlook/fro_2007.shtml http://www.fsa.gov.uk/Pages/Library/Corporate/Plan/index.shtml http://www.fsa.gov.uk/Pages/About/What/CSR/index.shtml http://www.fsa.gov.uk/Pages/Library/Other_publications/Staff/staff_handbook/health/index.shtml http://www.fsa.gov.uk/Pages/Library/Other_publications/Staff/staff_handbook/working/equal/index.shtml The Directors of the FSA during the period reported on are shown in table 5.2 along with other information relating to their date of appointment, expiry of term and attendance record at the Board and the Audit, Risk, Remuneration and Non-executive Directors’ Committees as appropriate. The remuneration report is located at page 63.
56 Section five – Report of the Directors FSA Annual Report 2006/07 Table 5.2 Name Board NedCo RemCo AuditCo RiskCo Original Expiry of meetings appointment current term date Clive Briault g 11/11 1 April 2004 31 March 2010 James Crosby c g 10/11 4/4 2/2 3/4 15 January 2004 14 January 2010 Tom de Swaan d 6/8 1/2 1/1 3/3 19 January 2001 18 January 2007 Peter Fisher 3/3 2/2 1/1 19 January 2007 18 January 2010 Brian Flanagan 2/3 1/2 0/1 1/1 19 January 2007 18 January 2010 Karin Forseke 11/11 4/4 4/4 1 December 2004 30 November 2007 Sir John Gieve 11/11 4/4 2/4 16 January 2006 15 January 2009 Kyra Hazou 8/8 2/2 3/3 3/3 19 January 2001 18 January 2007 Dame Deirdre Hutton a b h 11/11 4/4 2/2 4/4 11 December 1997 10 December 2007 David Kenmir g 11/11 1 April 2004 31 March 2010 Sir Callum McCarthy 11/11 22 September 2003 21 September 2008 Professor David Miles g 10/11 4/4 4/4 1 April 2004 31 March 2010 Hector Sants g 10/11 4 May 2004 3 May 2010 Michael Slack 10/11 4/4 2/2 3/4 1 December 2004 30 November 2007 Hugh Stevenson e f g 11/11 4/4 3/3 1 June 2004 31 May 2010 John Tiner g i 11/11 22 September 2003 21 September 2009 Clive Wilkinson 8/8 2/2 3/3 19 January 2001 18 January 2007 Key a Chairman of NedCo d Chairman of RiskCo during the year from 1 April 2006 to 2 January 2007 g Director serving second concurrent term b Chairman of RemCo e Chairman of RiskCo from 3 January 2007 h Director serving fourth concurrent term c Chairman of AuditCo f Chairman of FSA Pension Plan Trustee Ltd i John Tiner has resigned from his position early, with effect from 19 July 2007 The only members of the FSA are the Directors. Each current Director has undertaken to guarantee the liability of the FSA up to an amount of £1. The Executive Directors are not directors of any UK listed companies and have no other paid positions. 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 FSA. In a reciprocal arrangement with the Bank of England, Sir Callum McCarthy serves as a member of the Court of the Bank of England. All the FSA’s Directors are appointed by HM Treasury in line with the Code of Practice issued by the Commissioner for Public Appointments. The Chairman of the FSA is appointed for a five-year term and all other Directors are appointed for three-year terms. The Executive Directors have continuous employment contracts with the FSA, details of which are given in the remuneration report on page 63, and they have three-year renewable terms as Directors.
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