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Companies (Amendment No. 11) (Jersey) Law 201-

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 March 2014:

Decision Reference:   MD-C-2014-0059

Decision Summary Title :

Draft Companies (Amendment No. 11) (Jersey) Law 201-

 

Date of Decision Summary:

28 March 2014

Decision Summary Author:

 

Director,

Finance Industry Development

Decision Summary:

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title :

Draft Companies (Amendment No. 11) (Jersey) Law 201-

 

Date of Written Report:

28 March 2014

Written Report Author:

Director,

Finance Industry Development

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject: Approval of the draft Companies (Amendment No. 11) (Jersey) Law 201- for lodging.

Decision(s): The Minister approved the draft Companies (Amendment No. 11) (Jersey) Law 201- for lodging and directed that the documents should be lodged au Greffe for debate by the States at the earliest opportunity.

Reason(s) for Decision: This amendment to the Companies (Jersey) Law 1991 has been prepared in order to confirm and strengthen the competitiveness and standing of the Jersey company, a vehicle used both for local business and as one of the key tools of the international finance industry’.  It includes amendments suggested by the Jersey Financial Services Commission as well as those suggested by industry.  The steering group as well as external independent experts agree with the policy proposed and encapsulated in the draft.

Resource Implications: There are no resource implications as a result of this decision.

Action required: That the documents be lodged au Greffe for debate by the States at the earliest opportunity.

Signature:

 

 

 

 

Position:

 

 

 

Chief Minister of Jersey

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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