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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

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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.

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A decision made on 3 September 2020

MINISTERIAL DECISION REFERENCE

MD-ER-2020-0038

DECISION SUMMARY TITLE

Appointment of Members to the Jersey Bank Depositors Compensation Board

DECISION SUMMARY AUTHOR

Director of Financial Services

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

The Minister confirmed his intention to appoint Mr Ian Henderson and Mr Tom Fothergill as new members of the Jersey Bank Depositors Compensation Board.

 

The Board was established in 2015 under the Banking Business (Depositors Compensation) (Jersey) Regulations 2009 to administer the Jersey Bank Depositors Compensation Scheme.  

 

Regulation 10(2) provides that members of the Board shall be appointed by the Minister after consulting with the Appointments Commission. Regulation 10 (2A) stipulates that the States of Jersey (Appointment Procedures) (Jersey) Law 2018[ shall apply to such appointments. Accordingly, the Minister gives two weeks’ notice to the States Assembly of his intention to make these appointments.

 

Following an open recruitment exercise, a Panel chaired by an independent Commissioner, Ms Jennifer Carnegie, made a unanimous recommendation to the Minister for External Relations to appoint Mr Ian Henderson and Mr Tom Fothergill as new members of the Jersey Depositor Compensation Scheme Board.  The Minister has accepted the recruitment panel’s recommendation and has decided that Mr Ian Henderson will be appointed for a term of five years and Mr Tom Fothergill for a period of four years. 

 

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 Greffier of the States is requested to arrange for notice to be presented to the States Assembly as a Report. The Director of Financial Services is to notify the Board of the intended appointments.  

SIGNATURE

 

SENATOR IAN GORST

POSITION

 

 

MINISTER FOR EXTERNAL RELATIONS

DATE SIGNED

EFFECTIVE IMMEDIATELY

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