Companies commonly face a typical problem; it’s the agency problem that sits at the very heart of corporate governance. Certain board members in the banking industry, rather than being guided by such principles that best serve the interests of their banks, often use their authority to advance their own agenda. This attitude is anathema to the principles of good governance.
The SGP aims at a countercyclical fiscal policy, but is not designed to sufficiently support monetary policy in a lower bound environment in which monetary and fiscal policies can become strategic complements rather than substitutes. 4/6  BIS - Central bankers' speeches  And finally there are structural policies.