......To begin with, there is no nationality specification. The ad does not say that the governor would have to be a British citizen. Which means, in theory, that central bankers or senior finance professionals from other countries could also head the Bank of England. For example, YV Reddy, Usha Thorat or Montek Singh Ahluwalia could, if they wished, become serious contenders. Another striking feature, at least by Indian standards, is how early the British government is going about finding a new governor. In India, even for the most senior positions, advance succession planning is taboo. The incumbent would be on extension for months or the post would be vacant for years before the relevant selection process gets completed. ......
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Let us look at this story in a different way. It conveys some important messages for those in charge of governance. One, for filling vacancies in the top, the exercise must start sufficiently early. Two, There should be an open mind as to whom all the selector will consider. Three, there should not be any entry barrier for someone who is confident about qualifications and feels that he/she can carry out the responsibilities expected. Four, may be, like ET is suggesting three names, any blind, duff or short-sighted person may fill in an application on behalf of someone who may be competent (The story is silent about signature!). If our people follow British system, perhaps we may not as many headless wonders as we are finding these days.
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