Content      
HOME
OUR MISSION
OUR OBJECTIVES
 
A INTRODUCTION  
 
Board of Directors  
08
 
Chairman’s Statement  
10
 
Board Committees  
14
 
Organisation Chart  
15
 
Management Team  
16
 
Our Achievements and Work in Progress  
17
 
  Board Committees
 
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:

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 Goh Chok Tong (Chairman), Lim Hng Kiang, Tharman Shanmugaratnam, Lim Siong Guan and Heng Swee Keat.

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 Goh Chok Tong (Chairman), Lim Hng Kiang, Tharman Shanmugaratnam, Lim Siong Guan, Lee Ek Tieng1 and Heng Swee Keat.

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), Chao Hick Tin and Lucien Wong.

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 processes for the reporting of risks.

The Risk Committee comprises Lim Chee Onn (Chairman), Chao Hick Tin and Heng Swee Keat.

1 Lee Ek Tieng is presently Group Managing Director of the Government of Singapore Investment Corporation.