The move gives Treasurer Jim Chalmers the opportunity for a broader shake up of the bank’s leadership following the independent review’s findings in March next year.
West Australian businessman Mark Barnaba has been reappointed to the Reserve Bank of Australia board for an extra year, until after theThe term extension will give Treasurer Jim Chalmers the opportunity for a broader shake up of the bank’s leadership following the independent review’s findings in March next year.Wendy Craik’s five-year term as a board member expires in May 2023, while Mr Barnaba’s term will now expire in August next year, 12 months later than scheduled.
As a West Australian, he is considered a strong contributor to the board’s discussions on the mining industry and China.of the RBA’s long-standing inflation target, monetary tools, board structure, accountability and culture, amid growing criticisms of the central bank’s interest rate policies. The board structure, experiences and expertise of members, composition and the appointments process will be considered.
“An accomplished business leader, corporate adviser and non-executive director, Mr Barnaba has been a well-respected and valued member of the Reserve Bank coard since August 2017.
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