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Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Jersey Bank Depositors Compensation Board: Appointment of Members

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 on 5 October 2020

MINISTERIAL DECISION REFERENCE

MD-ER-2020-0041

DECISION SUMMARY TITLE

Appointment of Members to the Jersey Bank Depositors Compensation Board - Confirmation

DECISION SUMMARY AUTHOR

Private Secretary  

IS THE DECISION SUMMARY PUBLIC OR EXEMPT?  

Public

REPORT TITLE

Appointment of Members to the Jersey Bank Depositors Compensation Board 

 

REPORT AUTHOR OR NAME OF PERSON GIVING REPORT

Director of Financial Services

IS THE REPORT PUBLIC OR EXEMPT?

Public

DECISION AND REASON FOR THE DECISION

Further to MD-ER-2020-0038, the Minister confirmed the appointments of Mr Ian Henderson and Mr Tom Fothergill as new members of the Jersey Bank Depositors Compensation Board.

 

The States Assembly were notified of the Minister’s intention on 11th September 2020. The appointment procedure has now complied with Regulation 10 (2A) of the Banking Business (Depositors Compensation) (Jersey) Regulations 2009 which stipulates that Article 2 of the States of Jersey (Appointment Procedures) (Jersey) Law 2018[ shall apply to appointments.

 

The 2-week notice period required by the 2018 Law has now been met.

 

RESOURCE IMPLICATIONS

There are no additional resource implications for the States of Jersey. Board members are each paid £5,000 per annum.

ACTION REQUIRED

The Director of Financial Services is to notify the Board of the confirmed appointments.  

SIGNATURE

 

SENATOR IAN GORST

POSITION

 

 

MINISTER FOR EXTERNAL RELATIONS

DATE SIGNED

EFFECTIVE IMMEDIATELY

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