The executive and non-executive directors of Sark Shipping are being asked to resign their positions on the board by Sark Chief Pleas.
Chief Pleas say they have lost confidence in the board to manage the business, in particular, their failure to complete work required to return the vessel 'Sark Venture' to service in February.
They also say they have lost trust due to the board managing finances in a manner that may have led to the company being placed in administration.
In consequence, the Chief Pleas Committee met with the non-executive directors on 10 August 2020 to discuss the reasons for its loss of trust but their concerns were not allayed.
The Chief Pleas committee says that to establish good communications between the Committee and the Board, restore trust and confidence and secure the lifeline service provided by the company, the Board should be replaced immediately and the employment of the Managing Director and the Finance Director should be terminated by the company with immediate effect.
Managing Director Yan Milner has written to Chief Pleas saying: "To be clear, there is no crisis and the company is financially secure with robust plans for a sustainable future."
Guernsey dance school upset by temporary theatre closure
Guernsey's business leaders come out against a plan to pause GST
Plans to improve the gene pool of the Royal Golden Guernsey Goat
Fog causes flight chaos at Guernsey Airport
Channel Islanders asked to report injured or dead seabirds
More than 200 emergency callouts for overflowing cesspits in Guernsey
Guernsey Library to host Costume Creation event ahead of World Book Day
Domino's Pizza to open in Guernsey
