Over the last few years, the emphasis has also been on reform ofthe governance ofthe SOEs with the introduction of outside, non-executive members oftheboard.
The four officially non-independent members oftheboard include the top two - Buffet and Munger - and two ofthe only three executive officers ofthe corporation.
Not only does the Maastricht treaty prohibit it from taking orders from politicians, but members ofthe executive board are appointed for eight-year, non-renewable terms, insulating them from pressures to please politicians in order to get reappointed.