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Ports of Jersey Limited: 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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 on 15 May 2020

Decision Reference: MD-TR-2020-0052

Decision Summary Title:

Ports of Jersey Limited – 2020 Annual General Meeting Voting Instructions.

Date of Decision Summary:

05 May 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:

Ports of Jersey Limited - 2020 Annual General Meeting Voting Instructions.

Date of Written Report:

05 May 2020

Written Report Author:

Advisor - Shareholder Relations

Written Report :

Public or Exempt?

Exempt

Articles 26 and 33

Subject:

Ports of Jersey Limited – 2020 Annual General Meeting (AGM) Voting Instructions.

Decision(s): 

The Assistant Minister decided to vote in favour of the proposed resolutions on behalf of States of Jersey Investments Limited and to instruct the Treasurer of the States:-

 

  • as Nominee and Trustee for the Minister for Treasury and Resources ultimately, in accordance with the Declarations of Trusts, to exercise his voting power in favour of the proposed resolutions.

 

The ordinary resolutions are:

 

  1. To receive the accounts and the reports of the Directors and the Auditors thereon for the year ended 31 December 2019;

 

  1. To receive and approve the Director’s Remuneration Report as set out on pages 60 to 61 of the Annual Report for the year ended 31 December 2019;

 

  1. To re-elect as Directors of the Company:-

 

  1. Mark Chown, as Chairman, for an initial period until 31 December 2022;

 

  1. Jeffery Hume for a period until 31 December 2022; and

 

  1. Nicky Dunn OBE and Jane Smallman for an initial period until 28 February 2023;

 

  1. To re-appoint the Auditors and authorise the Directors to agree their remuneration.

Reason(s) for Decision:

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

Resource Implications: 

The financial implications are as detailed within the Ports of Jersey Limited Annual Report and audited financial statements.

Action required:

The Head of Financial Governance to inform the Head of Shareholder Relations that this decision has been approved. The Treasurer of the States is instructed to vote in respect of the proposed resolutions.

Signature:

 

 

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

Date Signed:

 

Date of Decision:

 

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