States of Jersey Development Company: Appointment of new Auditors

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A decision made on 23 September 2022

Decision Reference: MD-TR-2022-593		Public
Subject: SoJDC - Appointment of new Auditors to the Company
Report Title: SoJDC - Appointment of new Auditors to the Company		Exempt (Article 26)
Decision(s): The Minister approved the appointment of BDO Jersey as auditors to SoJDC to hold office until the next Annual General Meeting, at which time the accounts would be presented and the remuneration determined by the Directors of SoJDC. In making this decision the Minister instructed the Treasurer of the States and the Greffier of the States to approve the proposed ordinary resolution of the Company.
Reason for Decision(s): In accordance with Article 54 of the Company’s Articles of Association, the Company appoints Auditors at each annual general meeting (“AGM”) to hold office from the conclusion of that meeting until the conclusion of the next AGM. Since the last AGM, the Board of SoJDC has run a tender process to appoint new auditors and the Board has selected BDO Jersey and has proposed an ordinary resolution to appoint BDO Jersey as Auditors to the Company to the Shareholders.
Resource Implications: There are no additional resource implications as a result of this decision. The new Auditor’s fees are borne by SoJDC.
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, in respect of their nominee shareholdings, approve the ordinary resolution of the Company.
Signature:	Signed By: Minister for Treasury and Resources
Date Signed:	Date of Decision (If different from Date Signed):