Board sizes vary widely across central banks

Board terms average around five years and non-executive directors are common

Among the 33 central banks that responded to the Governance Benchmarks 2022, the average board size was approximately 7.6, but board sizes vary widely across the sample. 

Although 10 of the 33 respondents (30.3%) said their boards had seven or eight members, another eight replied that their boards had 10 or more members (24.2%). Seven (21.2%) reported having five-member boards.

Two central banks banks had three-member boards. Both served countries with fewer than five million inhabitants.


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