Eight non-executive directors, including two senior figures in Jersey’s finance sector and Harwood, issued a statement to the media in which they spoke out to reject claims of gross incompetence, possible corruption and the protection of vested interests.
Deputy Peter Harwood stood down as Guernsey's chief minister last month following the article that made reference to Harwood’s previous role as a director of the CISX. The exchange went through a period of turmoil last year with the resignation of the chief executive, a suspension of new listings in October and its replacement by a new exchange in December.
According to Private Eye, Harwood was a founding director of CISX while also chairman of the Guernsey Financial Services Commission, the exchange’s regulator.
At the time of his resignation, Harwood said he had tendered his resignation in recognition of the risk to the reputation of the office of chief minister and the States of Guernsey caused by media interest in his role as a director of the stock exchange.
In Guernsey's States earlier this month, deputy Jonathan Le Tocq was elected as the new chief minister after beating the Island’s social security minister Allister Langlois by 22 votes to 20.
