Institute of Directors Jersey Branch Annual Debate 2012
The BIG Idea- could Digital Jersey be the catalyst for a new pillar to our economy?
sponsored by: Sponsors Overall Student tables Debate Organising Committee
Steven Hunt Carey Olsen Chairman IoD Events Committee
Kirsten Higgins IoD Jersey Branch Officer Artwork and design Jason Laity KPMG FOCUS Chairman, IoD Jersey Branch DESIGN & MARKETING Ian Brandon Haddon Consulting
Paul Marett Jersey Post Vox Pops by Students in association with Advance To Work Plus Adam Riddell Crystal PR
Drinks reception Website: http://debate.iod.je Twitter@iodjersey #iodjsydebate Debate website
Debate website created by Christopher Reid and Jonathan Holmes, Voting technology students on the FdSc Information Technology for Business Degree at Highlands College with the help of Stuart Philip, Curriculum Leader, IT, Highlands College. Date: Thursday 20 September 2012
Time: 16:15 - 21:30 Programme Venue: Hotel de France Moderator: Mary Nightingale, Journalist and Broadcaster
16:15 Pre-debate drinks reception 17:10 Keynote speaker: Dr Peter Cochrane OBE kindly sponsored by Hotel de France 17:30 Debate opens 16:55 Take seats in the Great Hall
17:00 Welcome and introduction by Steven Hunt, Chairman, 19:00 Dinner IoD Events Committee Breast of English Chicken with Pesto and Mushroom Farce in a Puff Pastry 17:05 Mary Nightingale Moderator for the debate, explains the structure Warm Artichokes, Green Beans and of the event and introduces the panellists Cherry Tomatoes in Virgin Olive Oil with a Chicken, White Wine and Tarragon Jus Dr Peter Cochrane OBE, Co-Founder Cochrane Associates Cheese Platter Dr Steve Moffatt, Chief Technical Officer, Front End Products Applied Materials Inc., California Coffee and Truffles
Nick Ogden, Chairman and Chief Executive, Voice Commerce Group 20:00 Welcome address by the Sponsor Alex Ohlsson, Managing Partner, Carey Olsen Mark Loane, Managing Director, C5 Alliance 20:05 Debate resumes Senator Philip Ozouf, Treasury and Resources Minister, 21:30 Round up by Mary Nightingale States of Jersey 21:35 Close by Jason Laity, Chairman, IoD Jersey Branch Chairman, Jason Laity Institute of Directors, Jersey Branch
The topic for this year's Institute of Directors debate, Does our existing infrastructure live up to this dream? sponsored by Carey Olsen, has been prompted by the For instance, is our education system producing the potential opportunities resulting from the introduction right skills - should we be teaching students how to of superfast broadband to local businesses and write apps and computer programmes rather than use homes. Jersey enjoys a successful finance industry, them? Does our tax system encourage investment in with important contributions from other sectors such this area - should we positively encourage investment as tourism, retail, construction and agriculture, but in this area over others? Could Jersey become a hub could Jersey build a new sector around the concept of for “virtual” expertise? Could we provide e-money "Digital Jersey" with this important new infrastructure services worldwide? Would Jersey need to change its as its catalyst? The finance industry provides a wealth policies regarding setting up new businesses? How of local business opportunities for non-finance firms attractive or feasible is it for an entrepreneur to and a thriving local digital industry will provide growth set up in Jersey? Are there issues about the cost of potential for other businesses too. communicating off island? Can we get the brightest people to set up here and thereby give new We are not alone in highlighting this sector as a major employment hopes for our population? growth opportunity and Malta in particular is aggressively marketing its "SmartCity" concept. There are a number We hope that the debate will assist in setting a of important questions to consider tonight. Does general direction of travel and look forward to insights superfast broadband alone allow Jersey to temporarily and contributions from our speakers and the audience. differentiate itself from those competing jurisdictions? If not, what additional selling points does Jersey have and how can we convince the "next big thing" that St Helier is as attractive a location to establish a start up as Silicon Valley? Mary Nightingale Journalist and Broadcaster
Mary Nightingale was born in North Yorkshire and Until April 1999, Mary was co-presenter with Alastair educated at King Edward VI School in Totnes, Devon. Stewart of London News Network's flagship news She obtained Bachelor of Arts in English from Bedford programme London Tonight and was the sole presenter College, University of London. of London Today, Carlton's lunchtime news bulletin. She also presented the daily late news bulletins of Mary started her journalism career as a presenter and London Tonight. writer on World Business Satellite for TV Tokyo. She then went on to work for BBC World's World Business Mary anchored ITV's flagship holiday programme Report as a presenter and writer, covering economic Wish You Were Here...? from 1999-2001, and has also and corporate news. Mary also worked for Reuters presented two series of Britain’s Best Dish, as well as Financial Television in 1994 as a presenter on the early special programmes for ITV1 including Kate In Canada, morning financial programme. documenting the Royal Couple's visit to Canada, and Mary Nightingale Interviews Nick Clegg. Her television career took off in the 1990s as she co-presented Carlton Country, a factual series about Mary now presents ITV1's Evening News at 6 and at life in the countryside, as well as presenting the 10 o'clock and has twice been named Newscaster of Holiday Programme on BBC One. In 1995, she worked the Year by TRIC (Television and Radio Industries Club). as co-presenter on ITV's Rugby World Cup coverage from South Africa on the regular evening highlights programme, and in 1996 presented BBC Two's Ski Sunday. Co-Founder, Dr Peter Cochrane OBE Cochrane Associates
The route to a sustainable future centres on the cusp But none of this is the sole preserve of the big of ICT (Information Communications Technology), companies! The power of high speed networking and artificial intelligence, nano and bio-tech. We already collaboration at a distance, sometimes described as see new materials and new modes of fabrication that the wisdom of crowds, has enabled the creation of preserve energy and raw materials. For example; the 'connected' micro-labs, studios and workshops first bicycle and car have been printed along with across the planet. Education and training are also complex mechanisms including gearboxes and tools. feeling the impact of a hyper-networked world, and The future impact on industry, construction, medicine could be on the brink of a major transformation with and logistics, design and creativity, will be profound. the student body exceeding 100,000 on some specialised courses. At the same time intervertebral discs, cartilage, and bone have been manufactured, and tissue has been A few nations have recognised this future potential programmed using stem cells, leading to a widening and are already gearing up with network connectivity range of replacement body parts. Nano-sensors offer to the home and office between 100Mbit’s - 1Gigabit’s, the possibility of near instantaneous diagnosis; and it and some are planning to migrate up to 10Gigabit’s. is projected that a genome decode in 10 minutes for They see this as a vital route to industrial and cultural $10 will be with us within 5 years. Perhaps more diversity, and a way of avoiding unstable mono- challenging; Artificial Intelligences have already cultures. As a Gigabit’s island, Jersey is ideally overtaken us in some aspects of complex analysis positioned to join this leading group. and decision support in medicine and banking.
Peter is a futurist, entrepreneur, engineer, consultant and an advisor to international industries and governments. He has worked Keynote speaker and across: hardware, software, systems, networks, manufacturing and operations. He currently runs his own company across 4 continents, and was formerly CTO at BT, The Collier Chair for the Public Understanding of Technology Bristol, and winner of numerous awards including an OBE and IEEE Millennium Medal. Chief Technical Officer, Dr Steve Moffatt Front End Products Applied Materials Inc., California
Most agree, it is time to act, for real, decisive and In the last 20 years, something has changed all knowledgeable change, with new Tech enterprises, business and life forever, and there is a much exciting new jobs created by and for our daughters greater and deeper global context for and our sons. New digital technology and elearning technology than for all other operations. “Internet” are enabled by the thoughtful adoption of Gbit is only a baby step on “OUR NEW WAY TOGETHER”. optical fibre. This is a clear and visible starting point As Peter is so correctly teaching here, we are at the in local Jersey infrastructure. A vigorous Industry “CLOUD” and accelerating connectedness to the Association (Digital Jersey) encouraging technology wider “SWARM”. Seizing this new opportunity, needs businesses, can accelerate those new start-up and the urgency of fast “walking”, it really has nothing incoming, digitally-enabled enterprises to thrive, whatsoever to do with “talking”. There are practical, establish locally, and connect globally with the concrete and simple steps that need to be taken, massive technology ecosystem. Leading Tech decisively and knowledgeably. Fortunately, there Centres around the world enjoy consistent are good forward-looking local thinkers, terrific world-class financial learning, positive government annual growth rates of +7% to 15%, whilst the vision and Gbit connection. It is time to move have-nots, sit at -x % to +3%. Correct, decisive and knowledgeable execution of such a roadmap can forwards and benefit from these opportunities. be a significant benefit for island prosperity.
Steve originates from the Borders of Scotland and England: a 30 years veteran of Silicon Valley, known for foresight and leadership. With training at Shell and a PhD from St. Andrews, he joined a small Silicon Valley company; surviving growth into Applied Materials, the $10B global bellwether. Today as CTO (FEP), he holds many patents and several hundred publications. Steve has worked as CEO, COO, CTO & GM in many Tech locations including, Taiwan, Korea, Israel and Bell Labs. With two UK Queens Awards, the Dan Maydan Award and three Presidents Awards in Engineering, Manufacturing and Quality. Steve recently received “Best Patent Award” from Applied Materials. He has served on many company and Tech Advisory Boards. Last year, as technical lead in a large acquisition, he was described by executives to “never attend meetings unless he feels it makes sense” and to “bring endless enthusiasm, past midnight”, with young engineers building something far out, at Stanford, or off to Korea to “help with a new product”. Chairman and Chief Executive, Nick Ogden Voice Commerce Group
Jersey is already known globally for e-businesses As founder and CEO of The Voice Commerce Group, Nick is that it has grown, and Digital Jersey is aiming to primarily responsible for the company's overall corporate strategy create an environment to encourage the next wave of and business development. innovation and entrepreneurship. A government supported initiative on its own is never enough, and A serial entrepreneur, Nick has consistently been at the forefront starting a business on your own with no support is a of innovation in technology since 1985. In 1993, he founded Multi daunting challenge. Global digital innovation is taking Media Investments Limited, a technology research and place millions of times, every micro-second, so real development company that brought the internet to the Channel opportunity exists, and with the help of Digital Jersey Islands through Interactive Telephony Ltd. This led to the we need to ensure that new local entrepreneurs take construction of Europe's first on-line store, Wine Warehouse, in their piece of that action. electronic shopping mall, 'Barclay Square', in 1995.
In 1997 Nick founded WorldPay, which guarantees internet transactions worldwide, and led the company through its growth to over 270 employees with 20,000 merchants in 120 countries and processing transactions in excess of 2bn per annum. WorldPay was acquired by the Royal Bank of Scotland in 2002.
In 2003 Nick, together with several former colleagues from WorldPay, formed the Voice Commerce Group to develop mobile payment systems which allow individuals to identify themselves using a voice signature. Voice Commerce is a principal issuing and acquiring member of VISA and MasterCard and regulated in the EU by the UK FSA, a full member of SWIFT, the Interbank clearing network and a full member of the UK Payments Council.
Nick has been recognized by a number of industry awards including the UK Ernst and Young Entrepreneur of the Year Award, the Computer World Global IT Leaders award, the ID People Awards 2009 and most recently, the National Business Awards UK in partnership with Orange, in which he won the Entrepreneur of the Year category 2010-2011. In 2011 he was made a Fellow of the Royal Society of the Arts and in 2012 was enrolled as Honorary Certified International Cards and Payments Professional by ICAP. Managing Director, Mark Loane C5 Alliance
The development of Digital Jersey is a lot of things. advice, and very targeted marketing that is scaled What it is not is a huge, hyped opportunity for us to and focused appropriately. Instead of being the be the biggest and best ICT centre in the world. centre that takes high risks to create new digital Why would we even want that? We aren’t Silicon businesses, we should use our existing skills to be Valley and we never will be. We simply don’t have the place that digital businesses move to once they enough people with the right skills and no amount of start making money, after they have been incubated. effort, even if we set up a ‘Google-esque’ university In the same way we have been picky about the campus with primary-colored beanbags, is going banks that we allow to set up in Jersey, we need to to make us a Digital City. Even ignoring the be careful to maintain the standards of quality that impracticalities of this aim, this is not the right style have held us in good stead. We are an attractive for Jersey. We are a small, beautifully formed and destination and we must continue to attract, choose located, financially and legally expert island with a and develop winners, without high footprints or the great tax rate. We don’t need big ideas; we need requirement for hundreds of graduates. The recession good ideas. has made everyone nervous, but this is not the time to panic or become uncharacteristically risk taking What Digital Jersey could and should be, is a sensible, we don’t need evangelists, we need pragmatists. targeted strategy for us to build a sustainable, We need to be innovative and smart, but economically beneficial industry. To do this, we need understand we are never going to be like Silicon money (more than is currently allocated), spent on Valley or Cambridge, but something different, skills and education, outsourced research and something new.
Mark Loane founded C5 Alliance in 1999, a company that now provides the most experienced, skilled and qualified IT consultants in the Channel Islands, delivering advanced business solutions.
As the CEO of C5 Alliance, Mark has overseen the fulfilment of numerous system migration projects which have included the supply of strategic and technological direction, software development and business process re-engineering. He has also provided strategic guidance for the provision of ICT to local government and a range of organisations within the offshore Financial Services and Legal sectors.
Born in Jersey, Mark has worked in the IT Industry for over 25 years. He is passionate about the IT Industry and has made a significant impact in attracting, nurturing and retaining emerging technical talent locally, giving C5 and other Island companies a qualified and experienced resource pool to draw from in future. Treasury and Resources Minister, Senator Philip Ozouf States of Jersey
The roll out of super fast broadband across the Island Senator Philip Ozouf was elected as Minister for Treasury and supports our plan for economic recovery. Fibre optic Resources on 11 December 2008, and subsequently re-elected to technology provides a gateway to a global online the role on the 17 November 2011. marketplace, which will enable Jersey businesses to compete effectively. The investment needed to move Born in Jersey he was educated at Victoria College and went on to from the old copper wiring to fibre optics for the the European Business School in London, Frankfurt and Paris. whole population will put Jersey into a world beating He then worked for one of the world’s largest multi-nationals on a position. But we need to do more than develop our range of projects across Europe, Africa, Asia Pacific and the infrastructure. In my budget speech in November 2011 United States. I said I would like to see funding for an independent ICT representative body, which would provide In November 1999, he stood in the Deputy elections in the Island’s consultation, industry representation and promotion. largest constituency and topped the poll. In the 2002 Senatorial This is now a reality. Investment in Digital Jersey is elections he topped the poll again and has since held numerous key to attracting new businesses at a time when job roles including Vice President of the Finance & Economics creation is one of the most important tasks facing the Committee, President of the Environment & Public Services and Council of Ministers. It has the potential to put us at the Economic Development Minister. He is responsible for oversight of forefront of the rapidly evolving technological race public finances and States assets. Over the past two years, he has into the future and help to create jobs and get our overseen the re-structuring of the Treasury and Financial economy moving. We need to boost the economy Management across the States, led a comprehensive spending and create an environment where new businesses review of the Island’s spending and been responsible for the can thrive. To do this we must stimulate innovation allocation of fiscal stimulus funding to support Jersey's and fibre optic technology provides an environment economy during the recession. that’s ripe for new enterprises. Senator Ozouf has actively supported the development of ‘Gigabit Jersey’ and also the funding for the new industry body Digital Jersey. Managing Partner, Alex Ohlsson Carey Olsen, Jersey
Alex is a leading expert in corporate and finance Alex was born and educated in Jersey. He studied law in Jersey. His clients include top-tier global at Cambridge University before returning to law firms and financial institutions as well as Jersey where he qualified as a Solicitor in 1994 trust companies and offshore financing vehicles. and as an Advocate in 1995. A member of various advisory bodies in Jersey, Alex works closely with the States and the Today he is managing partner of law firm business and legal communities in support of Carey Olsen in Jersey. Island policy and the promotion of Jersey. His appointments include the Financial and Commercial Law Sub-Committee of the Jersey Law Society and Jersey Finance Limited, where he is a member of the advisory board and the ABOUT CAREY OLSEN fiscal strategy group. He is also a non-executive director of a bank and listed property company. Carey Olsen is a leading offshore law firm with offices in Guernsey, Jersey and London. The firm provides British Virgin Islands, Guernsey and Jersey legal advice and from September 2012, Carey Olsen will provide Cayman Islands legal advice from its office in the Cayman Islands. The firm acts for a number of institutional clients in large, multi-jurisdictional transactions, as well as for governments, corporates, professional firms and high net worth individuals.
The Morningstar Professional Services Rankings Guide places Carey Olsen in the top five law firms by the number of London Stock Exchange (LSE) and AIM clients it advises. It is the only offshore law firm to be ranked alongside UK legal advisers in the top five by Morningstar. (Source: The Morningstar Rankings Guide, Q2 2012 report).
With more than 130 lawyers, Carey Olsen offers a full range of legal services, including corporate and commercial, mergers & acquisitions, investment funds and private equity, banking and finance, trusts and fiduciary, commercial and residential property, employment, restructuring and insolvency, litigation and dispute resolution. Benefits of Membership
The Jersey Branch of the Institute of Directors is development of their organisation. This includes • Free subscription to Director magazine one of the most active branches and with over 650 senior managers, partners, associate directors and members, we enjoy one of the highest membership other groups and we are particularly keen to • Directors’ LAW Express legal helpline rates per capita of anywhere in the United Kingdom. encourage a diverse membership base, including female members and those under 35 years of age. To find out more about IoD Jersey and details of The IoD Committee works for the benefit of all how you can join and interact with us, please visit members and is organised into specific sub- The annual membership fee is £135p.a. (a significant www.iod.com/jersey, follow us @iodjersey or join committee groups. Around 10% of Jersey members saving on mainland UK rates) with a one off joining our group on LinkedIn: IoD Jersey or alternatively, are actively engaged with Branch work at any one fee of £135. please contact: time and we pride ourselves on providing timely and informative comment on current affairs, as The list of benefits include: Kirsten Higgins, IoD Branch Officer at well as acting as a ‘critical friend’ to Government • A comprehensive range of members’ networking [email protected] or and driving the long-term strategic agenda for the events, including the popular IoD monthly lunch telephone +44 (0) 1534 610799 Island. We are also fully committed to working clubs, the Annual IoD Debate and the IoD closely with the IoD Guernsey Branch to ensure a Director of the Year Awards ‘joined up’ Channel Islands approach where appropriate. • Free access to meeting and entertaining facilities at IoD Headquarters in Pall Mall, A number of membership levels are available and London and across the UK and Europe these are open to anyone working in a role that involves strategic input to the direction and • IoD business information and research Institute of Directors Company Direction Programme
“The ever growing challenges of operating in the The Programme Chartered Director is the ultimate qualification for corporate and institutional sphere have added today’s director and assesses the practical considerably to the need for its leaders, and those The 13 day modular programme (with an additional experience in gained in five key areas that are who aspire to be leaders, to develop the skills and e-learning element) offers the IoD Certificate and central to organisation direction and governance. tools needed to steer a successful course. The Diploma in Company Direction. This is internationally Commission, which itself requires its regulated recognised as the benchmark for directors, What are the benefits? community to maintain high standards of providing a robust and challenging programme to meet the needs of today’s executives and leads • Accredited and globally recognised programme governance, has for some time recognised the providing a benchmark for director development benefits that can be gained from studying to on to the prestigious qualification of Chartered become a Chartered Director and, on that path, the Director. • Supports and maintains best-practice in corporate governance IoD's Certificate and Diploma in Corporate Direction. The Certificate in Company Direction is an integrated, The Commission has supported a number of its modular development programme encompassing • Programmes designed and delivered by own directors in doing so.” the knowledge and awareness necessary for directors for directors ensuring applicable, directors and leaders of all types of organisation. relevant and contextualised content John Harris, Director-General, Jersey Financial Services Commission The Diploma in Company Direction builds on this to • Enhanced performance for individuals further enhance a director’s ability to apply the • Enhanced performance for the organisation principles covered at Certificate level and to bring to bear their personal experience. A three day board To find out more about the Company Direction simulation allows delegates to practice application, Programme and the 2012 course dates, please analytical skills and decision-making in a realistic contact: Kirsten Higgins, IoD Branch Officer at but safe environment. [email protected] or telephone +44 (0) 1534 610799 16:15-21:30 Thursday 20 September 2012 IoD Jersey Annual Debate Great Hall, Hotel de France The BIG Idea: could Digital Jersey be the catalyst for a new pillar to our economy?
Yes, we would like to join the debate on Thursday 20 September 2012 Contact Name:
Company Name: IoD Member: Yes No
Address:
Telephone: Email:
Please reserve places at £60 each before 31 July Please reserve table(s) of 10 at £600 per table each before 31 July or £65 thereafter (delete as appropriate) or £650 thereafter Cost includes pre-debate drinks reception and two course dinner and coffee Vegetarian option required state how many
Payment of £ is enclosed. (Cheques made payable to IoD Jersey Branch)
Card type: Visa MasterCard Maestro
Card number: Expiry date Security code
Please return this form with payment to: Kirsten Higgins, IoD Branch Officer, Meadowlands, La Rue a` la Dame, St Saviour, JE2 7NQ Telephone: +44 (0) 1534 610799 Email: [email protected] Please photocopy this registration form as required
• Wine and drinks orders for tables should be arranged directly with the Hotel de France (Upon registration you will be sent a wine list so that you can place your order directly with the hotel) • Submit a question: please submit questions in advance to [email protected] • Please arrive promptly. Limited parking available. Debate sponsored by: • Please supply all guest names to Kirsten Higgins by 7 September 2012 NB: Debate open to IoD members and non-members REGISTRATION FORM