Baigrie Davies director Amanda Davidson has been appointed as chair of the Financial Conduct Authority’s pay committee with immediate effect.
The appointment, published in the FCA’s April board minutes today, will see Davidson head up the FCA’s remuneration committee, made up of FCA chairman John Griffith-Jones, and fellow board members David Harker and Jane Platt.
The FSA’s annual report for 2011/12 revealed total FSA directors’ pay amounted to £2,709,896, including a total pay package of £835,731 awarded to former FSA chief executive Hector Sants. Sants donated his £143,750 performance-related bonus to charity.
The remuneration committee recommended last year that “funds should be made available to support a wider pay review for the year 2012/13” than had been the case for the previous two years when a pay freeze was in place.
The FCA board has also agreed the membership of several other board committees.
The Financial Inclusion Centre director Mick McAteer has been appointed chair of the risk committee, while Griffith-Jones will chair the oversight committee.
Former Deloitte Consulting senior partner Sir Brian Pomeroy will head up the audit committee, and the committee into the regulator’s report on the collapse of HBOS. He has also been appointed senior independent director on the FCA board.