States oversight work ‘not progressing quickly enough’
THE Assistant Treasury Minster has accepted that work to reform and improve the oversight of States-owned companies in his department has ‘not been as quick as we would have liked’.
Earlier this week, Comptroller and Auditor General Karen McConnell published a follow-up report on the government’s governance arrangements as a shareholder in several companies, including Jersey Electricity, Jersey Water, JT, Jersey Post, the Jersey Development Company, Andium Homes and Ports of Jersey.
In 2014 the CAG made a range of recommendations to improve their oversight, such as stating reasons for their ownership and improving public accountability. In the follow-up report, she said that progress on implementing her recommendations had not been quick enough.
Assistant Treasury Minister Lindsay Ash said: ‘We have made progress and the Treasury has engaged experts to review shareholder governance, but we accept that the work has not been as quick as we would have liked,’ he said.
‘I am pleased the CAG acknowledges that successful implementation will require effective working between the Treasury and other departments responsible for policy development.
‘Treasury officers look forward to working closely with colleagues from across government to meet the recommendations of the CAG.’