How will autonomy and financial independence help an IPO, considering has to function within the policy framework given by the national? Why cannot an IPO be completely free of government’s control?
Autonomy can have three aspects — personnel, policy and financial independence. Personnel independence indicates how free a central bank is from government influence in appointments, terms of office of top-tier officials and governing board members.lA financially autonomous entity can be understood as a distinct and separable unit that has its own funding from several income sources, its own costs and property. Furthermore, a financially autonomous unit is able to make decisions and implement the decisions without permission from outside authority. However, full _____ ________ ___ ____ ___ ___ ____ ________ _________ _______.
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