§ Keith VazTo ask the Chancellor of the Exchequer who the members of the(a) Financial Services Authority and (b) VAT and Duties Tribunal were on 1 January; what their term of office is in each case; and what their remuneration is. [151459]
§ Ruth KellyThe information is as follows:
(a) Financial Services Authority As of 1 January 2004. the members of the FSA Board were:
Member Position Callum McCarthy Chairman Stewart Boyd Deputy Chairman, Non-executive Director John Tiner Chief Executive Moira Black Non-executive Director Tom de Swann Non-executive Director Kyra Hazou Non-executive Director Michael Foot Executive Director Deirdre Mutton Non-executive Director Sir Andrew Large Non-executive Director Dr. Shamit Saggar Non-executive Director Steve Thieke Non-executive Director Clive Wilkinson Non-executive Director The Chairman is formally appointed to the FSA board for five years and other members for three years. Reappointment is possible for non-executive directors. Executive directors have renewable three year terms of office which coincide with the length of their executive posts at the FSA. Information on the remuneration of board members is published in the FSA annual report. The latest available information is for 2002–03 when the then Chairman received £385,730, Deputy Chairman £45,000, Non-executive directors £20,000 and executive directors between £293,452 to £361,904.
For a list of members of the VAT and duties tribunal, I refer the hon. Gentleman to the answer given to him by the Paymaster General on 3 July 2003. The only changes to the membership since then are that Gordon Burnison and Roger Cockfield are no longer members of the panel. Members are appointed for a standard term of five years, at the end of which they may be considered for re-appointment. Members are remunerated a standard fee of £227 for each day sitting.