Recommendation 20

The boards of regulators, including their non-executive directors, play a key role in setting their strategic direction and holding their executives to account. We therefore welcome that the Competition and Markets Authority conducts regular reviews of the work of its Board, on both an internal and an external basis. Where they do not do so already, regulators should commission and publish independent reviews of the work and governance of their boards every three years. (Paragraph 116) Resources and skills