| BOARD COMMITTEES |
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| The MAS Act provides that the
Board of Directors shall be responsible for the policy and general
administration of the affairs and business of MAS. The board
is assisted by the following committees: |
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| 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,
and international and regional relations.
The Chairman’s Meeting comprises DPM Lee Hsien Loong (Chairman),
Lim Hng Kiang, Tharman Shanmugaratnam, Lim Siong Guan and Koh
Yong Guan. |
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| 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 Monetary and Investment Policy Meeting comprises DPM Lee
Hsien Loong (Chairman), Lim Hng Kiang, Tharman Shanmugaratnam,
Lim Siong Guan, Koh Yong Guan, Lee Ek Tieng1 and Heng Swee Keat2.
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| 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.
The Audit Committee comprises Lim Siong Guan (Chairman), Chan
Seng Onn and Dr Philip N Pillai. |
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| 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.
The Risk Committee comprises Lim Chee Onn (Chairman), Chan Seng
Onn and Koh Yong Guan. |
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1 Lee Ek Tieng is presently
Group Managing Director of the Government of Singapore Investment
Corporation.
2 Heng Swee Keat is presently Permanent Secretary for the Ministry
of Trade and Industry. |
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