CMDA is governed by a Board of Directors which comprises seven members representing the Government and the private sector. The Board of Directors consist of a Chairman of the Board, the Chief Executive Officer of the Authority, an official from the Maldives Monetary Authority, an official from the Ministry of Finance and Treasury, the Registrar of Companies and two members from the private sector.
The main role of the Board is to provide policy guidance to the CMDA in all matters relating to its statutory functions and to formulate policies for the proper functioning of the Authority. The operational functions of the CMDA is vested in the Chief Executive Officer.
Mr. Abdul Ghafoor Abdul Latheef, Chairman
Mr. Abdul Ghafoor holds the position of a Senior Executive Director at the Maldives Monetary Authority. He was appointed to the Board as the Chairman on 8th March 2006. Mr. Abdul Ghafoor holds an MBA from Griffith University in Australia.
Mrs. Fathimath Shafeega, CEO
Mrs. Shafeega was appointed as the Chief Executive Officer of the Authority on 8th March 2006. Prior to this assignment, she held the post of Deputy Managing Director at the Maldives Monetary Authority. Mrs. Shafeega holds a Masters degree in Banking and Finance from the Monash University, Australia.
Mr. Ahmed Ifthikhar
Mr. Ifthikhar was appointed to the Board on 25th March 2007. He holds the position of a Director at the Ministry of Economic Development and Trade. Mr. Ahmed Ifthikhar holds a Bachelor's degree from Middlesex University, UK.
Mr. Ali Arif
Mr. Ali Arif is an Assistant Director General at the Ministry of Finance and Treasury. He was appointed to the Board on 8th March 2006. Mr. Ali Arif holds an MBA (Finance) from Charles Stuart University, Australia.
Mr. Hussein Ibrahim, Private sector representative
Mr. Hussein Ibrahim was appointed to the Board on 8th March 2006. He has served the Government for a long time and at time of his leaving the government, he held a key position at the Ministry of Finance and Treasury. Mr. Hussein Ibrahim holds a Bachelor's degree from Edith Cowan University, Australia.
Management
The Board and Management of CMDA is required to follow a
Code of Ethics passed by the Board.
The CMDA Management Team is as follows:
Ms. Fathimath Shafeega CEO/Managing Director
Ms. Shabab Rasheed Manager (Legal Affairs Section)
Ms. Azleema Ahmed Manager (Investor Education & Market
Development Section)
Ms. Aminath Mohamed Didi Manager (Corporate Affairs Section)
Mr. Makhzoom Saleem Manager (Market Regulation Supervision
& Enforcement Section)
Mr. Ibrahim Saleem Internal Auditor
Ms. Aishath Liusha Deputy Manager (Corporate Governance
Section)
Ms. Raheema AbdulGadir Deputy Manager (HUman Resource /
Corporate Affairs Section)
Mr. Mohamed Nahushan Financial Analyst (Research Development
& Publication Section)
Ms. Aminath Nisy Deputy Network Administrator
(Information Technology /
Corporate Affairs Section)
