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Andium Homes Limited: Non-Executive Director: Re-appointment

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.

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A decision made 26 June 2015:

Decision Reference:  MD-TR-2015-0079

Decision Summary Title:

Non-Executive Director re-appointment to Andium Homes Ltd

Date of Decision Summary:

24 June 2015

Decision Summary Author:

Projects Director

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Non-Executive Director re-appointment to Andium Homes Ltd

Date of Written Report:

24 June 2015

Written Report Author:

Projects Director

Written Report :

Public or Exempt?

Public

Subject: Non-Executive Director re-appointment to Andium Homes Ltd.

Decision(s): The Minister (as Guarantor) approved the recommendation of the Board of Andium Homes Ltd to re-appoint Heather Bestwick as Non-Executive Director for a period of 3 years to 30th June 2018.

Reason(s) for decision:  Article 27 of the Articles of Association for Andium Homes Ltd states that all Directors (but not the Guarantor’s appointee, the Chief Executive and the Finance Director) shall be appointed by the Board only once the Guarantor has approved any recommendation made by the Board. Appointments shall only be made once a Ministerial Decision has been issued.

 

Resource Implications: There are no financial or manpower implications as a result of this decision.

 

Action required: The Minister to write to the Chairman of Andium Homes Ltd confirming his approval of the Board’s recommendation to re-appoint Heather Bestwick as Non-Executive Director and that a Ministerial Decision has been signed to that effect.

 

Signature:

 

 

Position: Senator A J H Maclean, Minister for Treasury and Resources

 

Date Signed:

 

Date of Decision:

Andium Homes Limited: Non-Executive Director: Re-appointment

 - 1 -

Treasury and Resources

Ministerial Decision Report

 

 

Non-executive director re-appointment to andium homes ltd

 

 

  1. Purpose of Report

To enable the Minister to consider a recommendation of the Board of Andium Homes Ltd to re-appoint Heather Bestwick as Non-Executive Director for a period of 3 years to 30th June 2018.

  1. Background

Article 27 of the Articles of Association for Andium Homes Ltd states that all Directors (but not the Guarantor’s appointee, the Chief Executive and the Finance Director) shall be appointed by the Board only once the Guarantor has approved any recommendation made by the Board. Appointments shall only be made once a Ministerial Decision has been issued. The Minister is Guarantor in this instance.

 

Heather Bestwick was appointed to the Board of Andium Homes Ltd for an initial period until 30th June 2015 in accordance with P.156/2013: “Housing Shadow Board: Terms of Reference and Appointment of Directors”.

Article 23 of the Articles of Association, states, “To avoid the retirement of all Directors at the same time, the Non-Executive Directors shall initially be appointed for fixed periods of one, two and three years durations but shall not be permitted to hold office for more than nine years in total.” Heather Bestwick was appointed for a one year period in accordance with this requirement.

The Board of Andium Homes Ltd at its meeting of 2nd June 2015 recommended the re-appointment of Heather Bestwick as Non-Executive Director for a period of 3 years to 30th June 2018, for the approval of the Guarantor.

Heather Bestwick qualified as an English solicitor and is a former Partner of offshore law firm Walkers Global where she developed experience in financial and investment law, practising in London, Greece, Cayman Islands and Jersey. She moved to Jersey in 2007 and was Deputy Chief Executive of Jersey Finance until December 2013. Prior to qualifying in Law, She had a career in housing and local government in the UK, working for a number of London boroughs before being appointed Senior Housing Advisor at the City of Westminster.​

 

  1. Recommendation

The Minister for Treasury and Resources, as Guarantor, approves the recommendation of the Board of Andium Homes Ltd to re-appoint Heather Bestwick as Non-Executive Director for a period of 3 years to 30th June 2018.

 

  1. Reason for Decision

To comply with Article 27 of the Articles of Association of Andium Homes Ltd and based on the recommendation of the Board.

 

 

  1. Resource Implications

None.

 

 

Report author : Projects Director

Document date : 24th June 2015

Quality Assurance / Review :

File name and path:

MD sponsor :

 

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