Andium is a company limited by guarantee with a single shareholder, the States of Jersey, represented by the Minister for Treasury and Resources. Andium’s governance arrangements are set out in its Articles of Association, which were included in the legislation (P.60/2014) on the housing transformation programme. The Articles of Association also provides for a Memorandum of Understanding which puts in place an accountability framework appropriate to a business wholly owned by the States.
Board of Directors
The Articles stipulate that the Board of Andium shall comprise a maximum of nine Directors-
- A minimum of four and a maximum of five Independent Directors
- A minimum of one and a maximum of two Tenant Directors
- The Chief Executive and the Finance Director of the Company.
The Independent and Tenant Directors are appointed in accordance with the requirements of the Jersey Appointments Commission, which provide for an open and transparent process. However, there is provision for the Guarantor to make appointments on grounds of urgency, although with the approval of the Commission. The Guarantor must approve all appointments. The formal arrangement for the appointment of Chair is that the Board makes a recommendation to the Minister. Independent and Tenant Directors are appointed for three year terms, and cannot serve for more than nine years in total.
The two executive directors are appointed by the Board.
The Board currently comprises –
- Richard McCarthy CBE, Chair, appointed 22 January 2021
- Jason Laity, Non-Executive Director, appointed by the Minister 1 November 2019
- Lindsay Wood, Chief Executive, appointed 1 January 2020
- Elaine Bailey, Non-Executive Director, appointed 1 February 2020
- Joanna Walus-Bochenska, Tenant Director, appointed 1 January 2024
- Peter Styles, Chief Finance Officer, appointed 1st July 2025
- Lisa Mclauchlan, Non-Executive Director, Appointed 1 March 2026
- Vijay Khakhria, Non-Executive Director, Appointed 1 March 2026
Jason Laity has been appointed Senior Independent Director by the Board.
Download Board Role Descriptions (size 108kb)
Sub-committees
The Board has three sub-committees.
The Nominations Committee comprises –
Jason Laity (Chair)
Richard McCarthy CBE
Elaine Bailey
Its Terms of Reference cover Board composition and performance.
Download Nomination Committee terms of reference (size 95.1kb)
The Remuneration and People Committee comprises –
Jason Laity (Chair)
Richard McCarthy CBE
Lisa Mclauchlan
Its Terms of Reference cover remuneration policy and the remuneration of directors.
Download Remuneration and People Committee terms of reference (size 107kb)
The Risk and Audit Committee comprises –
Jason Laity (Chair)
Lisa Mclauchlan
Vijay Khakhria
Its Terms of Reference cover internal and external audit and risk management.
Download Risk & Audit Committee terms of reference (size 126kb)
The Board has also established a Capital Programme Sub Group. It comprises –
Elaine Bailey (Chair)
Richard McCarthy CBE
Joanna Walus-Bochenska
Lindsay Wood
Vijay Khakhria
Download Capital Programme Sub Group Terms of Reference