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==Governance of the Bank of England== ===Governors=== {{Main|Governor of the Bank of England}} Following is a list of the governors of the Bank of England since the beginning of the 20th century:<ref>{{Cite web |title=Governors of the Bank of England: A chronological list (1694 β present) |url=http://www.bankofengland.co.uk/about/Documents/pdfs/governors.pdf |url-status=dead |archive-url=https://web.archive.org/web/20160303211609/http://www.bankofengland.co.uk/about/Documents/pdfs/governors.pdf |archive-date=3 March 2016 |access-date=17 July 2014 |publisher=Bank of England}}</ref> {| class="wikitable centered" !| Name !!| Period |- | [[Samuel Gladstone]] | 1899β1901 |- | [[Augustus Prevost]] | 1901β1903 |- | [[Samuel Morley, 1st Baron Hollenden|Samuel Morley]] | 1903β1905 |- | [[Alexander Falconer Wallace|Alexander Wallace]] | 1905β1907 |- | [[William Middleton Campbell|William Campbell]] | 1907β1909 |- | [[Reginald Eden Johnston]] | 1909β1911 |- | [[Alfred Clayton Cole|Alfred Cole]] | 1911β1913 |- | [[Walter Cunliffe, 1st Baron Cunliffe|Walter Cunliffe]] | 1913β1918 |- | [[Brien Cokayne, 1st Baron Cullen of Ashbourne|Brien Cokayne]] | 1918β1920 |- | [[Montagu Norman, 1st Baron Norman|Montagu Norman]] | 1920β1944 |- | [[Thomas Catto, 1st Baron Catto|Thomas Catto]] | 1944β1949 |- | [[Cameron Cobbold, 1st Baron Cobbold|Cameron Cobbold]] | 1949β1961 |- | [[Rowland Baring, 3rd Earl of Cromer|Rowland Baring (3rd Earl of Cromer)]] | 1961β1966 |- | [[Leslie O'Brien, Baron O'Brien of Lothbury|Leslie O'Brien]] | 1966β1973 |- | [[Gordon Richardson, Baron Richardson of Duntisbourne|Gordon Richardson]] | 1973β1983 |- | [[Robin Leigh-Pemberton, Baron Kingsdown|Robert Leigh-Pemberton]] | 1983β1993 |- | [[Edward George, Baron George|Edward George]] | 1993β2003 |- | [[Mervyn King, Baron King of Lothbury|Mervyn King]] | 2003β2013 |- | [[Mark Carney]] | 2013β2020 |- | [[Andrew Bailey (banker)|Andrew Bailey]] | 2020βpresent |- |} ===Court of Directors=== The Court of Directors is a unitary board that is responsible for setting the organisation's strategy and budget and making key decisions on resourcing and appointments. It consists of five executive members from the bank (the Governor and the four Deputy Governors, each of whom oversees a different area of the bank's work), plus up to 9 non-executive members, all of whom are appointed by the Crown. The Chancellor selects the Chairman of the Court from among the non-executive members. The Court is required to meet at least seven times a year.<ref>{{Cite web |title=Court of Directors |url=https://www.bankofengland.co.uk/about/people/court-of-directors |url-status=live |archive-url=https://web.archive.org/web/20180109130811/https://www.bankofengland.co.uk/about/people/court-of-directors |archive-date=9 January 2018 |access-date=8 January 2018 |publisher=Bank of England}}</ref> The Governor serves for a period of eight years, the Deputy Governors for five years, and the non-executive members for up to four years. {| class="wikitable centered" |+ Court of Directors (2024)<ref>{{Cite web |title=Court of Directors |url=https://www.bankofengland.co.uk/about/people/court-of-directors |access-date=2024-01-22 |website=www.bankofengland.co.uk |language=en}}</ref> !| Name !!| Function |- | David Roberts | Chair, Court of Directors |- | [[Andrew Bailey (banker)|Andrew Bailey]] | Governor, Bank of England |- | [[Ben Broadbent|Benjamin Broadbent]] | [[Deputy Governor of the Bank of England|Deputy Governor]], Monetary Policy |- | [[Sarah Breeden]] | Deputy Governor, Financial Stability |- | [[Sam Woods (civil servant)|Sam Woods]] | Deputy Governor, Prudential Regulation and Chief Executive of the Prudential Regulation Authority |- | [[Dave Ramsden|Sir Dave Ramsden]] | Deputy Governor, Markets and Banking |- | Jonathan Bewes | Non-Executive Director |- | Sabine Chalmers | Non-Executive Director |- | [[Jitesh Gadhia, Baron Gadhia|Jitesh Gadhia]] | Non-Executive Director |- | [[Anne Glover (venture capitalist)|Anne Glover]] | Non-Executive Director |- | [[Ron Kalifa|Sir Ron Kalifa]] | Non-Executive Director and Senior Independent Director |- | Diana Noble | Non-Executive Director and Deputy Chair |- | [[Frances O'Grady, Baroness O'Grady of Upper Holloway|Frances O'Grady]] | Non-Executive Director |- | Tom Shropshire | Non-Executive Director |- |} ===Other staff=== The Secretary of the Bank of England is today responsible for the banks governance and ethics: 'He is responsible for ensuring the organisation is well run and advises our Court of Directors [...] He is also our conflicts officer and supports the Government when it makes appointments to our policy committees and Court of Directors'.<ref>{{cite web |title=Sebastian Walsh (Secretary of the Bank) |url=https://www.bankofengland.co.uk/about/people/sebastian-walsh/biography |website=Bank of England |access-date=22 January 2024}}</ref> Since 2013, the bank has had a [[chief operating officer]] (COO) with the status and remuneration of a Deputy Governor.<ref name="BoE - Appointment of Chief Operating Officer">{{Cite web |date=18 June 2013 |title=News Release β Appointment of Chief Operating Officer |url=http://www.bankofengland.co.uk/publications/Pages/news/2013/080.aspx |access-date=3 September 2015 |website=Bank of England}}</ref> {{As of|2024}}, the bank's COO is Ben Stimson; he is responsible for the day-to-day operations of the bank, including Human Resources, Property, IT and Security.<ref>{{Cite web |title=Ben Stimson β Chief Operating Officer |url=https://www.bankofengland.co.uk/about/people/ben-stimson/biography |access-date=22 January 2024 |website=Bank of England}}</ref> In March 2025, the Bank of England appointed Sarah John as its new Chief Operating Officer. John previously served as the Bank's Chief Cashier.<ref>{{Cite web |date=12 March 2025 |title=Bank of England appoints Sarah John as its new COO |url=https://www.reuters.com/world/uk/bank-england-appoints-sarah-john-its-new-coo-2025-03-12/ |access-date=12 March 2025 |website=Reuters}}</ref> Some twenty executive directors work alongside the Governors, forming 'the wider executive management team'.<ref>{{cite web |title=Executive Directors |url=https://www.bankofengland.co.uk/about/people/executive-directors |website=Bank of England |access-date=22 January 2024}}</ref> Among their number are the bank's [[chief economist]] ([[Huw Pill]] since 2021),<ref name="Guardian">{{Cite news |last=Elliott |first=Larry |date=1 September 2021 |title=Bank of England appoints Huw Pill as chief economist |work=The Guardian |url=https://www.theguardian.com/business/2021/sep/01/bank-of-england-appoints-huw-pill-chief-economist-goldman-sachs |url-status=live |access-date=2 September 2021 |archive-url=https://web.archive.org/web/20210902001827/https://www.theguardian.com/business/2021/sep/01/bank-of-england-appoints-huw-pill-chief-economist-goldman-sachs |archive-date=2 September 2021}}</ref> and chief cashier.
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