The Court of Directors

Members of Court   Eddie George (Governor) Howard Davies (Deputy Governor) Sir David Scholey, CBE (Chairman, Swiss Bank Corporation International Advisory Council) MervynKing (ExecutiveDirector) Sir David Lees (Chairman, Courtaulds plc Chairman, GKN plc) Sir Colin Southgate (Chairman, EMI Group plc) Frances Heaton (Director, Lawrd Brothers & Co., Ltd) Sir Chips Keswick (Chairman, Hambros Bank Ltd) Sir David Cooksey (Chairman, Advent Ltd) Dame Sheila Masters, DBE (Partner, KPMG) Ian Plenderleith (Executive Director) Neville Simms (Deputy Chairman and Group Chief Executive, Tarmac plc) Sir David Simon, CBE* (Chairman, The British Petroleum Company plc) Michael Foot (Executive Director) Sir John Hall (Chairman, Newcastle United Football Company Ltd) John Neill, CBE (Deputy Chairman and Group Chief Executive, Unipart Group of Companies) Andrew Buxton (Group Chairman, Barclays plc) Alastair Clark (Executive Director)

The Bank's Court of Directors consists of a Governor, a Deputy Governor and 16 Directors, up to four of whom may have executive responsibilities in the Bank. Members of Court are appointed by the Crown - Governors for terms of five years and Directors for four years. Court is responsible under the Charter of the Bank of England for the affairs of the Bank - that is, setting the strategic direction of the Bank as a corporation, and ensuring in particular that the Bank's resources are effectively deployed in pursuit of its key responsibilities. Court does not take decisions on monetary policy but acts as a source of advice for the Governor on business and market conditions. Court's main meetings are held monthly, but shorter weekly meetings are also held. Court has delegated to the Executive the Bank of England's powers under the Banking Act 1987 and other supervisory legislation. It is thus not concerned with taking day-to-day decisions on supervisory cases, though it receives regular reports on the operation of the Banking Act and on resources in Supervision and Surveillance. Court also has annual meetings with the Board of Banking Supervision, which is separate from Court and is established under the Banking Act 1987. The Board consists of the Governor, the Deputy Governor and the Executive Director for supervision, together with six lay members drawn from the banking, legal and accountancy professions. During the year. Sir David Scholey, one of the Bank's Non-Executive Directors, was appointed as a lay member of the Board. The lay members give advice to the ex-officio members on supervisory policy and on individual supervisory cases. The Board publishes its own Annual Report.

Дата добавления: 2014-12-29