18th August 2018
Established 1872. Online since 1996.

Borrowing concerns (Alan W Skinner)

I have written previously about my concern regarding the confusion between the roles of SIC councillors and SCT trustees. I was even more concerned to read about the level of borrowing that may be taken on board by the SCT.

Can we be re-assured that, before committing to this enterprise, the trustees of the SCT are properly advised about whether their action might constitute a breach of fiduciary duty, and also whether the level of risk is acceptable?

I am a lawyer by background and have been involved at senior level in the offshore trust business for many years. I have not seen a situation like this previously.

I should be open about my position. I support the Viking Energy project. I am simply worried about the way decisions are being taken. If this borrowing goes wrong, it will impact all of us in Shetland.

Alan W Skinner
New House,
Cullivoe,
Yell.

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