Consultation launched on oversight of States investments
- Scrutiny Management Committee launches consultation on States of Guernsey investment governance
- Review follows creation of States Investment Board and significant changes to investment supervision
- Government bodies and interested parties invited to submit evidence by 1st June 2026
- Deputy Sloan says governance of substantial public funds too important to leave unfinished
- Public hearings may be held following consultation to clarify evidence submitted
The Scrutiny Management Committee has launched a consultation on the governance arrangements for the States of Guernsey's investments.
The review comes following the creation of the States Investment Board, which brought significant changes to how the island's investments are supervised. The committee wants to ensure that political oversight and governance of these funds remains appropriate.
Government committees, bodies and other interested parties have been invited to submit evidence to [email protected] by Monday 1st June 2026. Public hearings may be held following the consultation to gain additional clarity on the evidence submitted.
The review panel has completed an initial desktop exercise assessing available information and is now ready to launch the formal consultation process.
Deputy Sloan said: "This is a review we have inherited from the previous Committee which we are determined to close out, because the governance of the States' investments, which are substantial public funds, is too important to leave unfinished."
He added: "There have been questions raised about whether the current arrangements provide the clarity, oversight and accountability they should. We are now seeking evidence as we move into the final stage of the review."
The committee has described the governance of the States' investments as an area of significant importance, given the substantial value of the public funds involved.
The consultation marks the final stage of the review process, which was initiated by the previous Scrutiny Management Committee.
Further information about the review, including terms of reference and an explanatory note, is available from the committee.
Q&A
Q: When is the deadline for submitting evidence to the consultation?
A: Evidence must be submitted to [email protected] by Monday 1st June 2026.
Q: Why is the Scrutiny Management Committee conducting this review?
A: The review follows the creation of the States Investment Board and significant changes to investment supervision. The committee wants to ensure political oversight and governance of these substantial public funds remains appropriate.
Q: Will there be public hearings as part of the review?
A: Public hearings may be held following the consultation to gain additional clarity regarding the evidence submitted.
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