IMF, including greater monetary-policy independence for the central bank, a new structure for financial regulation, and, by April, the lifting of the old 50% ceiling on foreign ownership of listed Korean companies.

ECONOMIST: South Korea��s new start

In a letter to S4C chairman Huw Jones, Lord Patten called for a management structure at S4C that "balances the principles of partnership with independence for the S4C service".

BBC: S4C should match BBC Wales savings, proposes Trust

Furthermore, true intellectual independence could easily be compromised by the realities of a career structure, pension and other considerations.

ECONOMIST: Letters