The case for a monetary policy response was clear, and a comprehensive package of measures was judged to be the most effective way to support the convergence of inflation to our aim. [6]  Chart 15 Actual and projected HICP inflation (year-on-year percentage change)  Source: ECB and Eurosystem staff macroeconomic projections.
It must also be responsible for fiduciary standards and prescribe methods to monitor and control the management so that abuses can be prevented. In addition the Board must ensure compliance with legal and regulatory requirements. This is why there is a shift in emphasis towards appointing non-executive and independent directors, who are people who are not part of the management team of the company.