Governance is much more than a trendy new word for management. It describes the responsibility a governing body has to serve the interests of stakeholders, now and in the future. In any organisation, internal managers need oversight and guidance from that wider perspective. In central banks – conservative institutions where top managers and Board members often have multiple roles - governance is inherently challenging.
So achieving good form for institutional governance in a central bank is not easy. Where should we begin? How should we proceed? Should we restructure?
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