The Board of Directors of the Central
Bank is responsible for the policy and the general administration of
the general administration of the Central Bank. Moreover, the Board
may exercise any of its powers under the Central Bank Act 1984; it
may make bylaws for the conduct of its business, and can issue
directives for the purpose of effecting the provisions of the Act
and other related legislations.
The Members of the Board are appointed
by the Head of State, acting upon the advice of Cabinet. Following
important amendments to the Central Bank Act on 6 September, 2001,
the Board comprises of the Governor of the Central Bank who is the
Chairman of the Board, the Chief Executive Officer of the Ministry
of Finance and three other
independent Board members, who are citizens of Samoa with industrial, commercial or
agricultural experience.
The other Board Members are Lealiie'e Rudy Ott, Lemalu Sina
Retzlaff-Lima and Alofipo Tanielu Meredith to complete five members
of the Board.
The Governor shall serve as the Chief
Executive of the Bank, and is responsible for the execution of the
Bank's policies and for the efficient management of the Bank. In
doing so, the Chief Executive must follow any general or special
directions given to her by the Board.
Source: Banking & Corporate
Services
Department Last Updated:
21 October, 2011
