As noted by Will Buxton in his GP2 Practice commentary this morning, the Monaco Grand Prix is being directed locally again. The race is again being directed by Télé Monte Carlo, which is the usual tradition in Monaco. This is therefore one of only two races this year where you cannot blame Formula One Management (FOM) for the poor direction as they have no influence over the direction the local hosts chooses to take.
The other race which is hosted locally is the Japanese Grand Prix, which is directed by Fuji Television.
Update on May 23rd, 2013 – The same applies for 2013. Monaco of course now is the only race to be directed locally, Fuji Television having handed over control to FOM for the 2012 Japanese Grand Prix.