13 / 66
GOVERNANCE AND BOARD COMMI TTEE STRUCTURE
BOARD AND COMMI TTEE MEET INGS
The Authority’s affairs are administered by its Board, made up of a Non-Executive
Chairperson, the CEO and seven further Non-Executive Members.
The Board of the Authority previously met once per month, and now meets
approximately every six weeks. In addition, a quorum of the Board (comprising a
minimum of three Board Members) meets separately, as and when required, to consider
applications for authorisation.
The following meetings have been held between 1 April 2016 and 31 March 2017:
Meetings of the Isle of Man Financial Services Authority 13
Authorisations Meetings
6
There are two standing committees of the Board – the Risk and Control Committee
1
and
the Human Resources and Compensation Committee
2
.
T
he following meetings of these committees have been held between 1 April 2016 and
31 March 2017:
Meetings of the Risk and Control Committee
7
Meetings of the HR and Compensation Committee
4
More information on the Corporate Governance arrangements of the Authority can be
found in Appendix B.
1
Lillian Boyle, Roger Butler, Juan Clarke, Paul Wright
2
Alan Smith, Peter Kenny (until 31 July 2016), David Stacey, Mark Waterhouse
Isle of Man Financial Services Authority Annual Report 2016/17 • 11