Jersey Competition Regulatory Authority: Re-appointment of Non-Executie Director

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A decision made on 23 March 2011:

Decision Reference: MD-E-2011-0037

Decision Summary Title :

Re-appointment of Non-Executive Director of the JCRA

Date of Decision Summary:

8 March 2011

Decision Summary Author:

Assistant Director

Decision Summary:

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Type of Report:

Oral or Written?

Oral

Person Giving

Oral Report:

Assistant Director

Written Report

Title :

Richard (Dick) Povey

Date of Written Report:

1 March 2011

Written Report Author:

Chairman JCRA

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject: Re-appointment of Mr Richard (Dick) Povey as Non-Executive Director of the Jersey Competition Regulatory Authority (JCRA).

Decision(s): The Minister approved the appointment of Mr Richard (Dick) Povey as Non-Executive Director of the JCRA for a period of two years and undertook to notify the States in accordance with Article 3(3) of the Competition Regulatory Authority (Jersey) Law 2001..

Reason(s) for Decision: Article 3(1)(b) of the Competition Regulatory Authority (Jersey) Law 2001 requires the Minister to appoint Directors of the JCRA.

Resource Implications: The Economic Development Department provides the Authority with a Grant to administer the Competition Law. There are no other financial or manpower implications for the States.

Action required: The Chief Executive to sign the Contract for Services for Mr Povey and the Assistant Director to prepare a report for presentation to the States Assembly.

Signature:

Senator AJ Maclean

Position: Chief Minister

Minister for Economic Development

Date Signed:

Date of Decision (If different from Date Signed):

Jersey Competition Regulatory Authority: Re-appointment of Non-Executie Director

Report from Economic Development Minister to States Assembly on re-appointment of Mr. R. Povey as a Non-Executive Director of the JCRA

REPORT

Under Article 3(3) of the Competition Regulatory Authority (Jersey) Law 2001 the Minister for Economic Development is required to notify the States of appointments of members of the Jersey Competition Regulatory Authority (JCRA).

The Minister has re-appointed Mr. Richard Povey as a non-executive member of the JCRA with effect from 9th May 2011 for a term of 2 years.

Richard Povey was first appointed a Non-Executive Director of the JCRA in May 2005 and was re-appointed in May 2008. He has extensive industrial experience, particularly in the petrochemical, mechanical and electrical engineering, and telecommunications sectors. He held a number of senior management positions in Swire Pacific Ltd. in Hong Kong and Taiwan between 1979 and 1996. Since 1996, he has held non-executive positions for various fund management and industrial companies. He is currently a Non-Executive Director of Opsec Security Group Plc. and Henderson Far East Income Ltd.

Since becoming a member of the Board in 2005, Mr. Povey has proved a great asset to the Authority. His industrial and commercial experience has proved invaluable in helping the Board to make judgments about the competitiveness of the markets in Jersey and as such, Richard Povey is a key member of the team. Both the Chairman and the Minister agree that it is in the best interests both of the JCRA and the wider Jersey economy that he be re-appointed.