Public Bodies and Public Appointments

Public Bodies of HM Treasury

Royal Mint Advisory Committee on the design of coins, medals, seals and decorations

The Royal Mint Advisory Committee (RMAC) was established in 1922 with the personal approval of George V. It exists to raise the standard of numismatic and medallic art in Britain and is expected to ensure that designs meet high standards of decency and good taste. Its purpose is to advise government departments, and ultimately Her Majesty The Queen, in matters of design with respect to coins, medals, seals and decorations. In relation to the United Kingdom coinage this entails seeking the approval of the Chancellor of the Exchequer, whereas in relation to official medals, seals and decorations, it involves working with representatives of the sponsoring government departments concerned and making recommendations through the Cabinet Office. Previously appointed for seven year terms, Members of the Committee are now appointed on a five year basis (with the option to extend for a further five years) and are unpaid.

Current appointees to the Committee

Name	Appointed	Occupation	Position
Professor Sir Christopher Frayling	January 2001 (re- appointed, January 2009)	Former Rector, Royal College of Art	Chairman
Andrew Stafford	October 2007	Chief Executive and Deputy Master of the Royal Mint	Deputy Chairman
Peter Gwynn-Jones CVO	January 1996 (re- appointed, January 2003)	Garter Principle King of Arms.	Member
MaryAnne Stevens	April 2001 (re-appointed April 2008)	Director of Academic Affairs, Royal Academy of Arts	Member
Professor Sir David Cannadine	September 2004	Professor of British History at the Institute of Historical Research	Member
John Maine RA	September 2004	Practising sculptor and numismatic artist	Member
Stephen Raw	January 2005	Lettering Artist	Member
The Rt Hon. The Earl Peel GCVO DL	March 2007	Lord Chamberlain	Member
Jana Khayat	February 2008	Former Chairman of Fortnum and Mason	Member
Tim Knox	February 2008	Director of Sir John Soane’s Museum	Member
Dr Kevin Clancy		Head of Historical Services at the Royal Mint and Director of the British Numismatic Society	Secretary to the Committee

Public Appointments of HM Treasury

Court of the Bank of England

Court’s role is to manage the Bank of England’s affairs, other than the formulation of monetary policy. The Bank of England Act 1998 provides for Court to determine the Bank’s objectives and strategy, to ensure the effective discharge of the Bank’s functions and, subject to that, to ensure the most efficient use of the Bank’s resources.

The Banking Act 2009 introduced a number of reforms to the governance of the Bank of England, including modernising the operations of Court reducing its size from 19 down to 12 members, of whom a majority must be non-executive and formalising the current arrangements. The Chancellor of the Exchequer has designated Sir David Lees to Chair the meetings of Court.

The Act provides for the appointment, by the Crown, of a Governor, two Deputy Governors and nine non-executive Directors. The term of appointment for the Governor and two Deputy Governors is five years and for the Directors, three years, all of which are renewable. Last year though, some were initially appointed for different durations so as to stagger end dates and help ensure continuity.

The Chair of Court earns a remuneration of £30,000 a year, Committee Chairs and the Deputy Chair of Court earn £20,000 a year and a non-executive director earns £15,000 a year.

Further information on the Court of the Bank of England, including current appointees, can be found on the Bank of England's website.

Crown Estate Commissioners

The estates forming The Crown Estate are part of the hereditary possessions of the Sovereign in right of the Crown. The Crown Estate is a statutory corporation, in effect acting as trustees on behalf of the Sovereign in the maintenance and enhancement of the Estate's value.

Crown Estate Commissioners are selected in accordance with the Government's general principles for public appointments, and the selection panel includes an OPCA member. Commissioner appointments are made by HM The Queen, on the advice of the Prime Minister who, in turn, has been advised by the Chancellor. Prior to this, HM Treasury also seeks the endorsement of the Secretary of State for Scotland and the Cabinet Secretary.

Further information on the Crown Estate’s Board, including current appointees, can be found on the Crown Estate's website.