<strong>ANGELA KNIGHT </strong> BRITISH BANKERS’ ASSOCIATION<br />These recommendations stem from the actions that a number of banks and other financial institutions have already put in place. These proposals would effectively bring all firms’ governance up to the standards of the best and are therefore to be welcomed.<br /><strong><br />PETER MONTAGNON </strong> ABI (INSURANCE)<br />This is a valuable contribution to the debate on the banking crisis. Some areas need further consideration and clarification. In particular, we do not believe that the remit of non-executive directors should be extended into areas that should be performed by management.<br /><br /><strong>RICHARD SAUNDERS </strong> IMA (FUND MANAGEMENT)<br />Managers take a wide range of different approaches to managing money, some involving active engagement with the companies in which they invest, some not. We do not believe the regulator should get involved in what is the best way to manage money.