For instance, pension contributions can be pooled into an independent fund and the fund manager shall be independent from the company’s management in terms of business operation. (3) It stresses the important role of creditors in corporate governance and external supervision.
But a shift is now taking place. Over the next year, we are expecting a pick-up in household disposable income to provide a counterweight to the wealth effects of lower housing prices. Graph 9  11 / 13  BIS central bankers' speeches  1  Labour market outcomes are key to this assessment.