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Jersey Electricity Company PLC: 2020 Annual General Meeting voting instructions

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 28 February 2020:

Decision Reference: MD-TR-2020-0019

Decision Summary Title:

Jersey Electricity Company PLC - 2020 Annual General Meeting voting instructions

Date of Decision Summary:

18th February 2020

Decision Summary Author:

Advisor - Shareholder Relations

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Jersey Electricity Company PLC - 2020 Annual General Meeting voting instructions

Date of Written Report:

18th February 2020

Written Report Author:

Advisor - Shareholder Relations

Written Report :

Public or Exempt?

Public

Subject:

Jersey Electricity Company PLC - 2020 Annual General Meeting voting instructions.

Decision(s): 

The Assistant Minister for Treasury and Resources decided to instruct the Treasurer of the States and the Greffier of the States to vote by proxy in favour of the resolutions to be put before the Annual General Meeting of Jersey Electricity plc on the 5th March 2020.

Reason(s) for Decision:

To fulfil the States’ role as shareholder of the Jersey Electricity plc by exercising voting rights at the Annual General Meeting.

The States of Jersey is holder of all of the Ordinary 5p shares which amounts to 62% of the ordinary share capital of Jersey Electricity plc. This represents 86.4% of the total voting rights. The Directors of the Company have proposed 12 Ordinary resolutions to be considered at the AGM. These are outlined in the report and in the Notice of Annual General Meeting and Form of Proxy (Appendix A to the Report).

Resource Implications: 

There are no additional resource implications as a result of this decision.

Action required:

Head of Financial Governance to inform the Head of Shareholder Relations that this decision has been approved.  Head of Shareholder relations to arrange for the Treasurer of the States and the Greffier of the States to sign the Form of Proxy in accordance with this decision. 

Signature:

 

 

Position:  Deputy L Ash, Assistant Minister for Treasury and Resources

 

 

Date Signed:

 

Date of Decision:

 

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