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Andium Homes Limited: Re-appointment of the Independant Director acting as Chair

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A decision made 10 November 2023:

Decision Reference:  MD-TR-2023-763

Public

Subject: Andium Homes Limited: Re-appointment of the Independent Director acting as Chair

 

Report Title: WR- Andium Homes Limited: Re-appointment of the Independent Director acting as Chair

Public

Decision(s):

The Minister, representing the States of Jersey as Guarantor of Andium Homes Limited ('Andium'), decided to re-appoint Mr. Richard McCarthy as an Independent Director to the Board of Andium to act as Chair until 31 December 2026.

Reason for Decision(s):

The Chair’s current term of office concludes on 31 December 2023 and a recommendation has been received from the Board of Andium to re-appoint the Chair for a period of a further 3 years. The Articles of Association of Andium require the Guarantor to approve the Board’s recommendation.   Mr. McCarthy possesses the required skills, background and understanding to lead the Company over the next 3 years.

Resource Implications: There are no financial or manpower implications for the Guarantor associated with this decision.

 

Action Required: The Minister’s Private Secretary to advise the Head of Shareholder Relations when this decision is signed.   The Head of Shareholder Relations to inform the Chair of the Nominations Committee of the Company that this decision has been approved.

Signature:

 

 

Signed By: Minister for Treasury and Resources

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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