The King has reappointed Sir Ron Kalifa and Frances O’Grady as Non-Executive Directors of the Court of the Bank of England, marking their second terms in office. The reappointments, effective until May 31, 2027, come as a recognition of their invaluable contributions to the Bank’s objectives and strategy.
The Court of the Bank of England operates as a unitary board and plays a crucial role in shaping the Bank’s goals and advising on efficient resource utilization. As Non-Executive Directors, Sir Ron Kalifa and Frances O’Grady hold additional responsibilities within specific committees. Sir Ron serves as a member of the Audit and Risk Committee, and Frances O’Grady is a member of the Remuneration Committee.
Expressing his delight at the reappointments, David Roberts, the Chair of the Court of Directors, commended Sir Ron Kalifa and Frances O’Grady for their wealth of experience and expertise. Roberts emphasized that their contributions will be instrumental in providing valuable perspectives and challenges to the Court’s decision-making processes.