Jersey Finance egm

Saturday 21st March 2009, 10:00AM GMT.

JERSEY Finance, the organisation which promotes and represents the finance industry, has called an extraordinary general meeting on Thursday.

Two changes are being proposed, following concerns raised by members that the current procedures could result in a board which does not represent all the sectors of the industry – such as trust and fund business – in a balanced way.

Members will be asked to approve the introduction of a maximum appointment for non-executive members of two consecutive three-year terms, which is in line with guidelines suggested by the Institute of Directors.

The membership will also be asked if they are in favour of setting up a nominations committee, made up of board members, to ensure that all nominations put to the vote at the annual general meeting are fair and representative.

• Picture: Jersey Finance chairman Pierre Horsfall

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