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It is perfectly clear to me that the role of Chief Executive and Chairman of the current Monitor should be seperate and not held by one and the same person. How can David Bennett say this this new proposal will provide a conflict of interest, when he occupies a role which does exactly that already. He is the only member of the board from the team of directors, along with non-executive directors. None of the other directors are even present for private parts of board meetings.

Monitor have been doing their own thing in their own way for far too long and should be a shining example of how governance is done here.