Governments often play role in appointing boards
Boards often mix government members, central bank officials and non-execs
Twenty-seven out of 34 central banks that participated in the governance benchmark answered that they have a board of directors. Boards of directors can have oversight responsibility and are often charged with public policy formulation and regulatory decision-making responsibilities. These boards are seldom composed of central bankers only.
Of the 27 respondents, eight central banks answered that the board of directors is most commonly composed of a combination of central bank officials
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Seven respondents report launching recapitalisation in past year
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Few institutions have arrangements with other parties or private shareholders
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Board non-execs more likely to be appointed by governments
Middle income central banks tend to have more government officials on board
Central bank independence usually safeguarded by law
But one in 10 respondents see their autonomy threatened