BILLET D ÉTAT XIV WEDNESDAY, 16 th MAY, 2018 BUSINESS OF THE MEETING

Similar documents
The primary purposes of the Corporate Governance Committee shall be to shape the corporate governance of the Company, and by doing so shall:

Corporate Governance Guidelines

The term Independent Director should be construed as defined under the provisions of 2013 Act and the Listing Agreement.

Executive Recruitment Director Application Pack

BOARD OF DIRECTORS RYDER SYSTEM, INC. CORPORATE GOVERNANCE GUIDELINES

Head of Section. Further information about this position may be obtained from Ms Eleni Koupepidou, Head of the Supervisory Law Division (ext. 8023).

IMMUNOGEN, INC. CORPORATE GOVERNANCE GUIDELINES OF THE BOARD OF DIRECTORS

PRUDENTIAL FINANCIAL, INC. CORPORATE GOVERNANCE PRINCIPLES AND PRACTICES

FRIENDS OF ELTON SCHOOL

CORPORATE GOVERNANCE GUIDELINES

AUDIT COMMITTEE TERMS OF REFERENCE

Frequently Asked Questions

CITRIX SYSTEMS, INC. CORPORATE GOVERNANCE GUIDELINES. 1. Separation of the Positions of Chairperson and CEO

CONTRACT WITH THE TEMPORARY WORKERS (TERMS OF ENGAGEMENT/CONTRACT FOR SERVICES) 1.1. In these Terms of Engagement the following definitions apply:

Oversight of external auditors by the audit committee

WELLS FARGO & COMPANY CORPORATE GOVERNANCE GUIDELINES

Allergan plc Board of Directors Corporate Governance Guidelines

BOARD OF DIRECTORS RYDER SYSTEM, INC. CORPORATE GOVERNANCE GUIDELINES

GENERAL GUIDANCE NOTE The Non-executive Director Agreement or Appointment letter

Appointment Letter for Independent Directors

LETTER OF APPOINTMENT FOR INDEPENDENT DIRECTOR

BOARD GUIDELINES ON SIGNIFICANT CORPORATE GOVERNANCE ISSUES

Auditing of Swedish Enterprises and Organisations

GOVERNANCE GUIDELINES FOR THE BOARD OF DIRECTORS

5312 Cap. 243.] Local Governments CHAPTER 243. THE LOCAL GOVERNMENTS ACT. Commencement: 24 March, 1997.

ZENDESK, INC. COMPENSATION COMMITTEE CHARTER. Effective August 1, 2017

BOARD CHARTER TOURISM HOLDINGS LIMITED

Code of Governance of Irish Institutes of Technology January 2012

CGIAR System Management Board Audit and Risk Committee Terms of Reference

Fairness and transparency are fundamental bases for our business and our guiding principle for dealing with employees and clients.

irobot Corporation Audit Committee Charter I. General Statement of Purpose

AT&T INC. CORPORATE GOVERNANCE GUIDELINES

For the period between 1 January 2014 and 31 December 2014

Audit & Risk Committee (Ad hoc) Committee

INTUIT INC. CORPORATE GOVERNANCE PRINCIPLES FOR THE BOARD OF DIRECTORS as amended July 20, 2017

HUMAN RESOURCES RECRUITMENT POLICY. Last Modified: August Review Date: August Version Number: 1.6

concerns regarding the definition and suggest revised wording.

BOARD OF DIRECTORS CHARTER

GOLD FIELDS LIMITED. ( GFI or the Company ) BOARD CHARTER. (Approved by the Board of Directors on 16 August 2016)

Annexure B Section 22

TERMS OF REFERENCE OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS

HF GROUP LIMITED BOARD CHARTER

BioAmber Inc. Audit Committee Charter

Board evaluation report

CORPORATE GOVERNANCE GUIDELINES

REGIONAL HEALTH AUTHORITIES ACT

SEMPRA ENERGY. Corporate Governance Guidelines. As adopted by the Board of Directors of Sempra Energy and amended through December 15, 2017

INTEL CORPORATION BOARD OF DIRECTORS GUIDELINES ON SIGNIFICANT CORPORATE GOVERNANCE ISSUES

Section 22. Scope of section. Accreditation. Eligibility Criteria

DRUMBEAT SCHOOL AND ASD SERVICE. Disciplinary Policy (Adopted Lewisham Model Policy)

APB ETHICAL STANDARD 4 (REVISED) FEES, REMUNERATION AND EVALUATION POLICIES, LITIGATION, GIFTS AND HOSPITALITY

Corporate Governance Principles. As Amended June 7, 2017

Pay Policy. Adopted by Board of Directors on 3 October 2017 Consulted with trade unions on 29 September 2017

Audit Independence Policy

AUDIT COMMITTEE TERMS OF REFERENCE

REPORT 2015/030 INTERNAL AUDIT DIVISION. Audit of the recruitment process at the United Nations Framework Convention on Climate Change

Jamaica Money Market Brokers Limited. Corporate Governance Policy

GOVERNANCE BODIES AND COMMITTEES AND THEIR FUNCTION

Charity Governance Code. Checklist for small charities UNW LLP

Medley Pharmaceuticals Limited

For personal use only

AUDIT COMMITTEE CHARTER

DIAMOND OFFSHORE DRILLING, INC. Corporate Governance Guidelines

UTKARSH SMALL FINANCE BANK LIMITED

Code of Procedures on Recruitment and Selection

MATRIMONY.COM LIMITED

25 Year GMID Asset Strategy

BTG plc Terms of Reference of the Remuneration Committee ( Committee ) of the Board of Directors ( Board ) of BTG plc ( Company )

Link Asset Management Limited (the Company ) (as manager of Link Real Estate Investment Trust) Terms of Reference for the Remuneration Committee

WAITAKERE CITY DELEGATIONS TO CHIEF EXECUTIVE AND STATUTORY APPOINTMENTS REGISTER. Adopted by Council: 28 October 2004 (Minute Number: 1895/2004)

X5 RETAIL GROUP Rules on External Auditor Independence and Selection Adopted on 1 December 2015 by the Audit Committee

THOMSON REUTERS CORPORATE GOVERNANCE COMMITTEE CHARTER

TENET HEALTHCARE CORPORATION CORPORATE GOVERNANCE PRINCIPLES

Department of Justice

MSC INDUSTRIAL DIRECT CO., INC. Corporate Governance Guidelines

AUDIT COMMITTEE CHARTER. Specifically, the Audit Committee is responsible for overseeing that:

MEMORANDUM U N D E R S T A N D I N G

DRAFT MOTION FOR A RESOLUTION

Brook Learning Trust Pay Policy

MOLDOVA LAW OF THE NATIONAL COMMISSION ON FINANCIAL MARKET

ActInSpace competition rules

JACOBS ENGINEERING GROUP INC. CORPORATE GOVERNANCE GUIDELINES

AUDIT COMMITTEE. each member must be financially literate (as determined by the Board);

West Virginia University Compensation Strategy Non-classified Employees August, 2015

CITY OF PALO ALTO COUNCIL PROTOCOLS

Villanova University Background Screening Policy

Governance Principles

ICSA member resource. Downloaded by on 30 April 2018.

Assistant Coroner for Central Hampshire, North East Hampshire and Southampton &New Forest

Halton Regional Police Services Board

Audit of the Office of the Correctional Investigator. A report by the Public Service Commission of Canada

NATIONAL AUSTRALIA BANK LIMITED BOARD REMUNERATION COMMITTEE CHARTER

APOGEE ENTERPRISES, INC. CORPORATE GOVERNANCE GUIDELINES

University of California Interview Committee Guide

Bulletin Officiel (Official State Gazette) no.: 4151 of 20 May Page: 240

ASSOCIATION TECHNIQUE INTERNATIONALE DES BOIS TROPICAUX

Compensation Committee Charter

PUBLIC EMPLOYMENT. Guidelines & Procedures

Terms and Conditions of appointment of Independent directors

NAPRANUM ABORIGINAL SHIRE COUNCIL. POLICY STATEMENT. Procurement Policy. Authority in respect of this Policy is hereby delegated to CEO

Transcription:

XIV 2018 BILLET D ÉTAT WEDNESDAY, 16 th MAY, 2018 BUSINESS OF THE MEETING 1. Committee for Economic Development Appointment of the Public Trustee, P.2018/46

BILLET D ÉTAT TO THE MEMBERS OF THE STATES OF THE ISLAND OF GUERNSEY I hereby give notice, pursuant to Rule 2(4) of the Rules of Procedure, that at the Meeting of the States of Deliberation to be held at THE ROYAL COURT HOUSE, on WEDNESDAY, the 16 th May, 2018 at 9.30 a.m., the item listed in this Billet d État is submitted for debate. R. J. COLLAS Bailiff and Presiding Officer The Royal Court House Guernsey 1 st May, 2018

THE STATES OF DELIBERATION of the ISLAND OF GUERNSEY COMMITTEE for ECONOMIC DEVELOPMENT APPOINTMENT OF THE PUBLIC TRUSTEE The States are asked to decide:- Whether, after consideration the policy letter entitled Appointment of the Public Trustee, dated 1 st May, 2018, they are of the opinion:- 1. In accordance with paragraph 1(2) of the Public Trustee (Bailiwick of Guernsey) Law, 2002, to agree to appoint Mr Luis Gonzalez as Public Trustee for a period of five years, with immediate effect. The above Propositions have been submitted to Her Majesty's Procureur for advice on any legal or constitutional implications in accordance with Rule 4(1) of the Rules of Procedure of the States of Deliberation and their Committees. 1

THE STATES OF DELIBERATION of the ISLAND OF GUERNSEY COMMITTEE for ECONOMIC DEVELOPMENT APPOINTMENT OF THE PUBLIC TRUSTEE The Presiding Officer States of Guernsey Royal Court House St Peter Port 1 st May, 2018 Dear Sir 1. Executive Summary 1.1 The Public Trustee, Ms Catherine Rowe, resigned from the position on 6 th November, 2017. It is the responsibility of the Committee for Economic Development ( the Committee ) to recommend to the States an alternative suitable candidate for this role. An explanation of the duties and key criteria for this statutory role is set out in Appendix 1. 1.2 The Committee recommends that the States of Deliberation appoint Mr Luis Gonzalez as Public Trustee for a period of five years, with immediate effect. 2. Resignation of the Public Trustee 2.1 Catherine Rowe submitted her resignation from the role on 6 th November, 2017. The Committee wishes to publicly express its gratitude for all of Ms Rowe s hard work during her time in office as Public Trustee. 2.2 Paragraph 1(5) of the Public Trustee (Bailiwick of Guernsey) Law, 2002, ( the Law ), states The Public Trustee may resign [his/her] office at any time by notice in writing addressed to the Committee; but the resignation may not take effect until a successor takes office as Public Trustee. Paragraph 1(2) of the Law states that it is the responsibility of the Committee to recommend to the States an alternative suitable candidate. 3. Appointment of the Public Trustee 3.1 The Committee has undertaken a recruitment process to find a successor, and is pleased to recommend to the States the appointment of Mr Luis Gonzalez as Public Trustee. 1

3.2 Mr Gonzalez is an experienced lawyer who qualified in 1985 and has worked in a variety of jurisdictions including Guernsey since 1999, as well as in the UK and Jersey. He is currently a director at Investec where he provides senior support in trust and litigation matters. He previously spent nine years as a director and managing director at Rothschild Trust. 3.3 Mr Gonzalez is a past committee member of the Guernsey Association of Trustees, joining in 2001. He has been assisting the office of the Public Trustee, in respect of operational matters, pursuant to a delegated authority since December 2017. 4. Term of Office 4.1 Under paragraph 1(4) of the Law, The Public Trustee shall hold office for a term not exceeding five years and a person may, on the recommendation of the Committee be appointed to that office by the States for more than one term of office. 4.2 The Committee recommends that the appointment of Mr Gonzalez should be for a period of five years. 4.3 There are no additional finance or resource implications with regard to this successor appointment. 5. Compliance with Rule 4 5.1 The Committee has included a Proposition, which requests the States to approve the appointment of Mr Luis Gonzalez as Public Trustee for a period of five years, with immediate effect, in accordance with paragraph 1(2) of the Public Trustee (Bailiwick of Guernsey) Law, 2002. 5.2 In accordance with Rule 4(1) of the Rules of Procedure of the States of Deliberation and their Committees, the Proposition above has been submitted to Her Majesty s Procureur for advice on any legal or constitutional implications. 5.3 In accordance with Rule 4(4) of the Rules of Procedure of the States of Deliberation and their Committees, it is confirmed that the Proposition has the unanimous support of the Committee. Yours faithfully C N K Parkinson President A C Dudley-Owen Vice President 2

J I Mooney D de G De Lisle D A Tindall 3

APPENDIX 1 OFFICE OF THE PUBLIC TRUSTEE PUBLIC TRUSTEE POST OVERVIEW JOB SUMMARY: In accordance with the Public Trustee (Bailiwick of Guernsey) Law, 2002, (the Trustee Law ) the Public Trustee is required to carry out certain statutory functions under the Trustee Law to protect the trust s assets or otherwise in the interests of the beneficiaries of the trust, or for the protection or, enhancement of the reputation of the Bailiwick in relation to the formation and management of trusts. Further information regarding the role and responsibilities of the Public Trustee can be found in the below linked Projet De Loi entitled The Public Trustee (Bailiwick of Guernsey) Law, 2002: http://www.guernseylegalresources.gg/article/96912/public-trustee-bailiwick-of-guernsey- Law-2002 The Public Trustee is paid an annual retainer fee of 7,458 per annum, based on an expected average time commitment of 1 day per month. KEY CRITERIA: ESSENTIAL 1. A good understanding of the role of the Office of the Public Trustee in the Bailiwick of Guernsey; 2. An ability to administer complex trust structures in accordance with the Public Trustee (Bailiwick of Guernsey) Law, 2002 and other applicable legislation; 3. The ability to handle difficult conversations and issues professionally and in accordance with the Public Trustee (Bailiwick of Guernsey) Law, 2002; 4. An ability to work in accordance with precise legal instructions and to prepare and deliver clear and comprehensive verbal and written reports on complex issues including the exercise of the Public Trustee functions; 5. An ability to maintain personal confidentiality and public trust while carrying out the role. 4