URCO Board Member
- Agency: Cabinet
- Reference: R02072017
- Posted: 11-Sep-2017
- Closing Date: 29-Sep-2017
- Salary: $2,000
- Job Description
Seeking Applications to fill Board Position of URCO
The Cabinet Office, acting pursuant to Section 18 of the Utility Regulation and Competition Law, 2016 invites applications to fill a non-executive vacancy on the Board of the Utility Regulation and Competition Office (URCO).
ABOUT URCO - URCO is the new independent utility regulation and competition office established by the Utility Regulation and Competition Law, 2016. URCO is an amalgamation of the Information and Communications Technology Authority (ICTA) and the Electricity Regulatory Authority (ERA). The office/functions of the Chief Petroleum Inspector have also been incorporated into URCO. Also, URCO will assume responsibilities for regulating the provision of water and wastewater service and the fuels markets once the relevant legislation is enacted.
THE BOARD OF URCO - URCO’s Board comprises a Chairman and four non - executive members, the CEO and three Executive Members.
BOARD MEMBERS - The members must together have the plurality of skills and experience to ensure that the Board has the necessary skills and qualifications to carry out its functions.
TERM - Members are appointed for three-year terms and are eligible for reappointment. Terms of the first members will be staggered (2 for 2 years and 2 for 4 years), ensuring continuity on the Board. Non-executive Board members (other than Chair & Deputy Chair) will receive a monthly stipend of $2,000.
PROFILE OF BOARD MEMBERS - Applicants, will ideally:
- Have professional backgrounds in engineering, technology, law, economics, accounting, public policy or ICT;
- Have the intellectual capacity to absorb/process complex and diverse information received in written and oral formats;
- Have demonstrated commitment to, and appreciation for, the rule of law and good corporate governance;
- Have no conflicts of interest regarding the sectors for which the URCO has responsibility;
- Have no representative interest on the Board from any commercial, financial, consumer or such other interests with which they may be connected; and
- Have the capacity to spend upwards of 20 hours per month on URCO matters.
Neither the Speaker, members of the Legislative Assembly, nor public officers eligible for appointed to the Board.
SPECIAL PROVISION - Applications must include written declaration that the applicant:
has no personal or pecuniary interest, direct or indirect, in a sectoral utility;
has not been adjudged bankrupt;
has not been convicted in the Cayman Islands or elsewhere of any offence involving dishonesty, fraud or any other offence likely to bring the URCO into disrepute; and
is not otherwise unable or unfit to discharge the functions of a Member.
SUBMISSION OF APPLICATION ADDRESSED TO: “The Nominating Committee – URCO Board”
SUBMITTED TO: Cabinet Secretary, Government Administration Building, 133 Elgin Ave, George Town.
DETAILS: Applicant to provide full curriculum vitae by close of business 29th September 2017. Original applicants remain under consideration.
APPLICATIONS BY EMAIL: Addressed to firstname.lastname@example.org
Benefits will be determined in accordance with the Public Service Management Law, Personnel Regulations, the Public Service Pensions Law and the CINICO Health Plan as may be amended from time to time. Pension and health benefits are non-contributory.