The majority of the Board members are non-executive. In addition to the Chairman and Chief Executive, there are currently two Director posts and eleven non-executive members of the Board.
The FSA, rather than the Treasury is responsible for recruiting its own executive staff. However, under Schedule 1 of the Financial Services & Markets Act 2000 the Treasury is responsible for making appointments to the FSA Board.
Margaret Cole joined the FSA in July 2005 as Director of Enforcement. She is a graduate in Law from New Hall, Cambridge and is a solicitor with over 20 years’ experience in private practice, specialising in commercial litigation with an emphasis on financial services. She is also qualified as a Mediator with CEDR and the ADR Group.