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States of Jersey Development Company (SoJDC): Annual General Meeting: 2024: 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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 10 May 2024:

Decision Reference:  MD-TR-2024-360

Public

Subject: SoJDC – 2024 Annual General Meeting voting instructions

 

Report Title: WR - SoJDC – 2024 Annual General Meeting voting instructions

Exempt (Article 26)

Decision(s):

The Minister decided to instruct the Treasurer of the States and the Greffier of the States to vote in favour of the proposed resolutions as Nominee and Trustee for the Minister for Treasury and Resources in accordance with the Declarations of Trusts, to exercise her voting power in favour of the proposed resolutions.  The ordinary resolutions are set out in the accompanying Written Report.

Reason for Decision(s):

To fulfil the States’ role as shareholder of States of Jersey Development Company by exercising voting rights at the 2024 Annual General Meeting.

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

 

Action Required: The Minister’s Private Secretary to inform the Head of Shareholder Relations that this decision has been approved.   The Treasurer of the States and the Greffier of the States are instructed to vote in respect of their nominee shareholdings in favour of each of the resolutions.

Signature:

 

 

Signed By: Minister for Treasury and Resources

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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