Jersey Water is a dynamic, forward thinking utility company responsible for providing water to the Island’s population.
A rare and fascinating opportunity has arisen for an individual to join the Jersey Water board as a Non-Executive Director. High level boardroom experience, a strong business background, great communication skills and a keen awareness of good governance are essential. The role (which is remunerated) will also include the membership of one or more board committees, previous experience of chairing or committee membership will be valuable attributes.
With a history dating back to 1882, Jersey Water is the oldest registered Company in Jersey. The Company is the sole provider of treated water to the Island and supplies approximately 95% of all households in Jersey. The supply of potable water in Jersey is controlled through the Water (Jersey) Law 1972, which sets out the basis on which Jersey Water must supply treated mains water and the relevant water quality parameters.
Approximately 75% of the Company’s equity share capital is owned by States of Jersey. The remainder is owned by 266 independent shareholders.
The Company has 93 employees based across 5 main sites across Jersey including two treatment works, a laboratory, desalination plant, workshops, stores and head office.
Jersey Water’s Board of Directors currently comprises of five non-executive directors and two executive directors. The Board are supported and advised by the Company Secretary.
The role of the Jersey Water Board is to ensure the Company’s long term prosperity by providing effective leadership and meeting the appropriate interests of relevant stakeholders within the confines of prudent and effective risk management and control. The Board sets the Company’s strategic direction and values, ensures the necessary resources are in place, reviews management performance and accounts for the Company’s performance to shareholders and other stakeholders.
The current Board make up is as follows:
- Heather MacCallum (Chair & Nomination Committee Chair)
- Stephen Kay (Senior Independent Director)
- Tim Herbert (Remuneration Committee Chair)
- Daragh McDermott (Audit Committee Chair)
- Michael Pocock (Risk Committee Chair)
- Helier Smith (Chief Executive)
- Natalie Passmore (Finance Director)
Due to the retirement of Peter Yates from the Board in February 2020, a casual vacancy has arisen for a new Non-Executive Director who shall also be a member on a number of our committees, namely, Audit Committee, Nomination Committee, Remuneration Committee and Risk Committee.
In addition to their collective responsibility, members of the Jersey Water Board are from diverse specialist backgrounds and possess a considerable depth and breadth of experience and knowledge.
Term of office
Non-Executive Directors are initially appointed by the Board to fill a casual vacancy. The appointment is then subject to shareholder approval at the Company’s next Annual General Meeting (AGM) where the appointment is made to serve a three-year term of office. Directors may stand for further terms subject to Board and shareholder approval.
All appointments to the Board are subject to terms and conditions of appointment and the Company’s memorandum & articles of association.
Non-Executive Directors are expected to commit sufficient time and energy necessary to fully discharge their role, including adequate preparation time for meetings.
Board meetings take place approximately every 4 to 8 weeks and between 8 and 10 times per year along with an annual Board visit (all day) and one to two strategy sessions (all day). The majority of meetings generally take no more than half a day. In addition, all directors are also required to attend the AGM, which is scheduled to coincide with a Board meeting date.
- Audit Committee meetings generally take no more than half a day, two or three times a year.
- Nomination Committee meetings are scheduled to coincide with Board meetings twice annually.
- Remuneration Committee meetings are generally two to three times a year and take no more than three hours.
- Risk Committee meetings are scheduled to coincide with Board meetings twice annually.
Non-Executive Directors’ fees are set annually and are subject to approval at the AGM. Fees for Non-Executive Directors are currently £20,500, gross, per annum. Fees cover any involvement in Board Committees, with Audit Committee Members receiving additional remuneration.
Financial, corporate and shareholder information is located under https://www.jerseywater.je/shareholder-information/
Operational information is located under https://www.jerseywater.je/about-us/
For further information regarding the NED role please contact Louisa McInnes, Company Secretary on 01534 707300 or by email NEDrecruitment@jerseywater.je
The successful candidate will meet the independence criteria and possess most or all of the following skills and attributes:
Candidates should meet the criteria for independence set out in The UK Corporate Governance Code, provision B1.
Essential experience and skills
- Experience of operating at a senior management level within a commercial organisation, with decision-making responsibility for financial and operational performance.
- Board level (or equivalent) experience at either Non-Executive or Executive Director level.
- Experience backed up by a good understanding of financial reporting, corporate governance and risk management.
- A range of high level organisational and governance skills covering areas such as strategic planning, change management, organisational performance, financial management, risk mitigation, health & safety, regulatory compliance, cyber security, marketing & communications and customer service.
- Experience of chairing, membership of or working for an Audit Committee, Nomination Committee, Remuneration Committee or Risk Committee.
- Institute of Directors qualification (Certificate/ Diploma in Company Direction or Chartered Director) or equivalent.
- Have a confident, enquiring mind with the ability to challenge constructively and sensitively.
- Strong communication skills with the credibility to interact effectively both in and outside the boardroom as required.
- Developed problem-solving skills with the ability to quickly understand complex issues.
- Strong interpersonal skills – an inclusive approach to chairing meetings and decision making, calm and considered under pressure, creative and open minded thinker, self-aware, well organised and self-motivated.
- A collaborative approach and commitment to working with others to meet objectives and resolve problems.
- Acts with honesty and integrity at all times.
- A firm belief in the principles of transparency and accountability.
- A strong results orientated work ethic focussed on quality and excellence.
- Belief in the benefits of a continuous improvement culture and actively supportive of others seeking to develop themselves.
- Adopts the values and behaviours that underpin Jersey Water’s culture.
Application FormCandidates should submit their CV and cover letter via the online application form here no later than 2 March 2020.