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

Chairman

Deputy Prime Minister and
Coordinating Minister for
Economic and Social Policies

Mr Lim Hng Kiang

Deputy Chairman

Minister for Trade and Industry (Trade)

Mr Heng Swee Keat

Board Member

Minister for Finance

Mr Ong Ye Kung

Board Member

Minister for Education (Higher Education and Skills)
and Second Minister for Defence

Mr Lim Chee Onn

Board Member (Chairman of Risk Committee)

Senior International Advisor, Ascendas-Singbridge Pte Ltd

Mr Quek See Tiat

Board Member (Chairman of Audit Committee)

President, Council for Estate Agencies

Mr Peter Ong Boon Kwee

Board Member

Former Head of Civil Service / Permanent Secretary (Prime Minister's Office)(Strategy)

Professor Tan Chorh Chuan

Board Member

President, National University of Singapore

Mr V K Rajah

Board Member

Senior Counsel

Mr Ravi Menon

Board Member

Managing Director, MAS

Senior Advisor to MAS

Mr Goh Chok Tong
Emeritus Senior Minister

 

Board Committees

Chairman's Meeting

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, international and regional relations, and payment and settlement systems operated by MAS. 

 

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.

 

Audit Committee

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.

 

Risk Committee

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.

Last Modified on 27/07/2016