Board of Directors
The Monetary Authority of Singapore (MAS) has operational autonomy. Under the MAS Act, the Board of Directors of MAS is appointed by the President. The Chairman of the Board is appointed by the President on the recommendation of the Cabinet. The Board of Directors is responsible for the policy and general administration of the affairs and business of MAS and informs the Government of the regulatory, supervisory and monetary policies of the MAS. The Board is ultimately accountable to the Parliament of Singapore through the Minister-in-charge of MAS.
Mr Tharman Shanmugaratnam
Deputy Prime Minister
Minister for Finance
Mr Lim Hng Kiang
Minister for Trade & Industry
Mr Heng Swee Keat
Minister for Education
Mr Lawrence Wong Shyun Tsai
Acting Minister for Culture, Community and Youth
Senior Minister of State (Communications and Information)
Mr Quek See Tiat
Board Member (Chairman of Audit Committee)
Chairman, Building and Construction Authority
Mr Lim Chee Onn
Board Member (Chairman of Risk Committee)
Senior International Adviser, Singbridge Private Ltd
Mr Peter Ong Boon Kwee
Permanent Secretary, Ministry of Finance
Professor Tan Chorh Chuan
President, National University of Singapore
Mr Ravi Menon
Managing Director, MAS
Senior Advisor to MAS
||Mr Goh Chok Tong
Emeritus Senior Minister
The Chairman's Meeting makes decisions on major changes to the regulatory framework and supervisory policies. The Meeting also approves major changes to policies and strategies relating to financial centre development, and international and regional relations.
Monetary and Investment Policy Meeting
The Monetary and Investment Policy Meeting deliberates and decides on issues relating to the formulation and implementation of monetary policy with the objective of maintaining price stability for sustainable economic growth. The Meeting also oversees the investment of MAS' reserves.
The Audit Committee provides an independent assessment of MAS' internal controls and financial reporting process. The Committee also reviews the efforts of MAS' internal and external auditors.
The Risk Committee provides oversight and guidance on the management of risks faced by MAS. The Committee oversees the MAS-wide risk management framework, and reviews MAS' risk management policies and the processes for reporting of risks.