•  The monitoring of the Governor’s performance by the board to ensure that the Governor acts in a collegial manner, and has proper regard for the wide range of advice and input which is obtained from sources internal and external to the Bank. •  The transparency provisions which ensure a close external scrutiny of the Governor’s decisions including, importantly, by financial markets.
Further, the non-executive directors have recommended some changes intended to strengthen the board’s scrutiny of the decision-making processes and thereby reduce further any risks inherent in the single decision-maker model.