The Institute of Directors (IoD) September seminar, sponsored by Butterfield, will discuss the role and vision of the States Trading Supervisory Board (STSB) and its relevance to investment in island infrastructure from a business person’s perspective.
Towards the end of 2016, a radical change to the oversight of government-owned businesses was implemented when the new STSB was fully established. Ten government-owned incorporated and unincorporated businesses were repositioned from their historical political committees to the STSB, acting as a ‘group oversight board.’
Stuart Falla MBE and John Hollis were appointed as Non-States Members and at this event will share their views on the constructive tension that exists when operating commercial enterprises within the constraints imposed by public ownership.
Both speakers will also discuss the common suggestion that ‘government would perform so much better if it operated more like a business’. Timing is apt. During the pandemic: Guernsey’s lead politician has described the island’s finances as ‘shredded’; a States Scrutiny Report has criticised a lack of government infrastructure spending as ‘damaging to the economy, unambitious, slow and ineffective’; the summary ‘Revive and Thrive’ economic recovery strategy calls for rapid investment in infrastructure; and the Election is looming.
The STSB businesses impact on all aspects of island life: Guernsey Electricity Limited, Guernsey Post Limited, Aurigny Air Services Limited, JamesCo 750 Limited (fuel supply tanker ships), Guernsey Ports, Guernsey Dairy, Guernsey Water, States Works, Guernsey Waste, and the Channel Islands Lottery.
Event information:
Date: Friday 4 September 2020
Venue: The Colborne Room, OGH
Time: 7.45am
Ticket price includes a buffet breakfast. You can book here.