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?