States Trading Assets – unincorporated
Guernsey Ports, Guernsey Water, States Works, Guernsey Dairy and Guernsey Waste are trading entities that are part of the States of Guernsey. These are the “unincorporated assets”.
Each unincorporated Asset is run by a States sub-committee of the States Trading Supervisory Board (STSB) that acts as its board. The sub-committee is usually made up of a Chairperson, a political member of the STSB, two or three Business Advisers and the General Manager and Finance Manager of the asset.
States Trading Assets – incorporated
By contrast, Guernsey Post, Guernsey Electricity, Aurigny and JamesCo (tankers) are separate companies with their own independent board of directors, where the States of Guernsey is the sole shareholder. These are “incorporated assets”. Their Boards have paid non-executive directors, rather than unpaid Business Advisers.
This page focuses on the role of an unpaid Business Adviser to an unincorporated States Trading Asset – Guernsey Ports, Guernsey Water, States Works, Guernsey Dairy or Guernsey Waste.