Jersey Teachers Superannuation Fund: Board of Management: Nomination

Information about the publication of Ministerial Decisions

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

An accurate record of “Ministerial Decisions” is vital to effective governance, including:

demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision
providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made 28 September 2012:

Decision reference: MD-C-2012-0094
Decision Summary Title :	Jersey Teachers’ Superannuation Fund – Board of Management Nomination		Date of Decision Summary:	25th September 2012
Decision Summary Author:	Project Director - Pensions		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	Jersey Teachers’ Superannuation Fund – Board of Management Nomination		Date of Written Report:	25th September 2012
Written Report Author:	Projects Director - Pensions		Written Report : Public or Exempt? (State clauses from Code of Practice booklet)	Public
Subject: Jersey Teachers’ Superannuation Fund – Board of Management Nomination
Decision(s): The Chief Minister approved the appointment of Mr Daniel F.J. Thebault to the Jersey Teachers’ Superannuation Fund Management Board following the resignation of Mr. Mick Pinel, to act as a representative for the Employers side until 31st December 2012.
Reason(s) for Decision: Article 3 of the Teachers’ Superannuation Fund (Administration) (Jersey) Order 2007 makes provision for the Chief Minister to appoint 6 employer representatives to be members of the Management Board, of whom - (i) 2 shall be persons recommended by the Minister for Treasury and Resources, (ii) 2 shall be persons recommended by the Minister for Education, Sport and Culture, and (iii) 2 shall be persons that the Chief Minister thinks fit, and 6 member representatives, who shall have been selected in the manner that the Chief Minister shall agree with associations that appear to the Minister for Education, Sport & Culture to represent the interests of teachers. Mr Thebault applied for the position as the result of an advertisement in the Jersey Evening Post and was selected following a recruitment process. This appointment is made under (iii) above. The current term of office for the Management Board finishes 31st December 2012 and members can be re-elected.
Resource Implications: There are no resources implications.
Action required: Project and Research Officer to advise the Projects Director – Pensions, of the Chief Minister’s decision.
Signature:		Position: Senator I.J. Gorst Chief Minister
Date Signed:		Date of Decision (If different from Date Signed):

Jersey Teachers Superannuation Fund: Board of Management: Nomination

CHIEF MINISTER

Jersey teachers’ superannuation fund – board of

management nominations

Purpose of Report

The Chief Minister is asked to approve a nomination to the Board of Management of the Jersey Teachers’ Superannuation Fund.

Background

Article 3 of the Teachers’ Superannuation (Administration) (Jersey) Order 2007 requires the following – that membership of the Board of Management consists of twelve representatives in total, two to be recommended by the Chief Minister, two by the Minister for Treasury and Resources, and two by the Minister of Education, Sport and Culture whilst the remaining six are nominated by the relevant teacher’s representative bodies.

Comments

The following nominee has been nominated following a recruitment and selection process on behalf of the Chief Minister.

Mr Daniel Thebault – a Jerseyman, after studying to a post graduate level at Imperial College of Science and Technology, Mr Thebault joined a major International bank and spent much of the next 15 years in management roles in different parts of Africa, Central America and Europe. He returned to Jersey to join Hambros Bank and over the next 15 years was part of its senior management team, gaining further extensive investment experience on the international front and as a director of the banks fund management business.

Since retiring in 2003, Mr Thebault has undertaken various local and overseas consultancy assignments, worked with the investment arm of the major Austrian Bank Raiffeisen, and more recently, a boutique corporate high yield bond manager from New York. He also periodically lectures on cruise ships”

Recommendation

That the Chief Minister agrees the above nominee has the requisite experience, skills and background to act in the capacity of representatives on the Jersey Teachers’ Superannuation Fund Board of Management and approves the nomination accordingly.

Treasury and Resources Department

MB/TRY/PENS

24.09.12