In the near-term, however, we look to you in the market to help mitigate market volatilities so that those whom we both serve could cross through, get past these volatilities and in the end reach their ultimate goals of a better life ahead. Maraming salamat. BIS central bankers’ speeches  3
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.