This proposal has three advantages: •  First, the presence of minority shareholders in the capital structure and on the boards of large subsidiaries helps to deter parent banks from making decisions that may go against the best interests of the subsidiary. •  Second, the existence of minority shareholders also gives relevance to the work of independent board members.
Some argue that a transparent monetary policy should signal an impending decision to market participants before the next Monetary Policy Meeting. I do not think so. De facto announcement of the future level of the policy interest rate means disregarding the changes in economic conditions after such an announcement.