An independent review of the Sark Shipping Company has been ordered.
Chief Pleas had been considering replacing its directors amid allegations of mismanagement, something bosses denied.
Instead politicians have agreed to a probe, and appointed an additional director.
A proposition calling for the directors to resign or be removed was withdrawn at a meeting on Thursday evening.
Sark's authorities had said they had 'lost trust and confidence' in the way the freight and passenger boat service was being run.
Sark Shipping Managing Director Yan Milner wrote to Chief Pleas saying 'there is no crisis and the company is financially secure with robust plans for a sustainable future'.
The company called an open public meeting to answer questions. It said the pandemic has impacted normal services and schedules and disrupted previous plans for 2020.
The board will remain, and Julie Mann was also appointed to it.
In a statement following the meeting Sark Chief Pleas says it hopes to 'move forward constructively' to secure the life-line service, return vessels to service and develop a robust financial structure.
It adds, 'we wish to reassure residents and users of Sark Shipping that we do not anticipate any changes within the company or disruption to freight and passenger services'.
Guernsey gets behind community café after online appeal
Guernsey Waste warn of the fire hazard of disposable vapes
No rush to ban social media for the under-16s in Guernsey
Guernsey businesses encouraged to use the daily St Malo ferry for European imports
Guernsey's airline to drop its European holiday routes
A total ban on disposable vapes in Guernsey and Jersey is poised to take full effect
Guernsey's Air Display to remain an early evening event
Disgraced Guernsey politician and pastor jailed for 9 years
