Three non-execs to join FSA board

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.

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