Governments often play role in appointing boards

Boards often mix government members, central bank officials and non-execs

Twenty-seven out of 34 central banks that participated in the governance benchmark answered that they have a board of directors. Boards of directors can have oversight responsibility and are often charged with public policy formulation and regulatory decision-making responsibilities. These boards are seldom composed of central bankers only. 

Of the 27 respondents, eight central banks answered that the board of directors is most commonly composed of a combination of central bank officials

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