Three non-execs to join FSA board
Three non-executive directors are to be appointed to the board of the Financial Services Authority, the UK watchdog.
Link: FSA denies rule changes will raise audit costs
The Treasury, which oversees the FSA, is looking to recruit up to three non-execs of ‘undisputed integrity, standing and authority’.
Candidates’ track records should show ‘distinctive leadership and significant previous board or equivalent experience’. The non-execs will enjoy a salary of £22,500 and will be expected to work two or three days a month.
The financial services industry employs over a million people and is the largest contributing sector to the UK balance of payments and a major contributor to GDP.