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Mergers of Jersey companies - approval of consultation paper

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 5 February 2010 regarding: Mergers of Jersey companies - approval of consultation paper.

Decision Reference:  MD-E-2010-0018 

Decision Summary Title :

Consultation on mergers of Jersey companies

Date of Decision Summary:

4 February 2010

Decision Summary Author:

Director, Finance Industry Development

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

n/a

Written Report

Title :

Consultation on mergers of Jersey companies

Date of Written Report:

4 February 2010

Written Report Author:

Director, Finance Industry Development

Written Report :

Public or Exempt?

Public

Subject:    

The issue of a consultation paper on mergers of Jersey companies.

Decision(s):  

The Minister approved the issue of the consultation paper.

Reason(s) for Decision: 

The purpose of the consultation paper is to invite comments on whether the Companies (Jersey) Law 1991 should be amended to permit Jersey companies to merge directly with a wider range of bodies, including foreign companies. 

Resource Implications: 

There are no cost or manpower implications for the States.

Action required: 

The Economic Development Department to take such steps as are necessary for the consultation paper to be issued forthwith and the Greffier to be requested to present it to the States Assembly.  

Signature:  Senator A.J.H.Maclean 

Position: 

Minister for Economic Development

Date Signed: 

Date of Decision (If different from Date Signed): 

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