ARTICLE 5 AREAS AND NATURE OF CO-OPERATION In order to achieve the objectives of this Annex, State Parties shall (through Central Banks) co-operate in the following areas (a) promoting the enhancement of accountability and transparency; (b) establishing guidelines consistent with the primary objective on Central Bank lending policies to government and commercial banks; (c) safeguarding the economic viability of Central Banks through adequate capitalisation; (d) adopting internationally accepted best practices for accounting and financial management, as well as, reporting requirements; (e) allowing for the sharing of information amongst Central Banks without breach of secrecy and confidentiality laws; (f) providing for proper procedures in the event of a dissolution of any Central Bank; (g) pursuing international best practices through the ratification by the legislature, where the local circumstances permit, of the appointment of the Governor and Deputy Governor(s); (h) ensuring that the powers to approve the budget of the Central Banks rest with the Boards ; and (i) in any other areas that will foster the harmonisation of the legal and operational frameworks of Central Banks. ARTICLE 6 LEGAL COMMITTEE 1. In order to facilitate and ensure continued compliance with this Annex, to reconcile the respective interests in the formulation, modification and implementation of concurrent legislation for the Region, the harmonisation of legal and operational frameworks of Central Banks as well as any other matter arising under this Annex, CCBG shall establish a Legal Committee. 2. Each Central Bank shall be represented on the Legal Committee by one legal expert and one economic expert. Should the need arise, other experts may be co-opted. 3. The resolutions of the Legal Committee and the Steering Committee contemplated in Article 7 shall be by the consensus of the appointed experts. 60