Boards’ make-up differs across jurisdictions

Emerging market economy boards more likely to include government officials and ministers

There is a marked split between advanced economy and emerging market jurisdictions in the composition of central bank boards in the Governance Benchmarks 2023.

Governments in emerging market jurisdictions are more likely to appoint their own officials to central bank boards than those in advanced economies. Emerging market economy central banks have a mean of 1.7 government ministers or officials on the board, in comparison with 0.4 in advanced economies. As a whole, the mean number of non

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