Director disqualification undertakings
26 April 2019: The Competition and Markets Authority (CMA) announced that it secured legally binding disqualification undertakings from Mr Philip Michael Stacey and Mr Robert James Taylor Smillie, who were directors of CPM Group Ltd. Mr Stacey has given a disqualification undertaking not to act as a director of any UK company for 7 years and 6 months, and Mr Smillie has given a disqualification undertaking not to act as a director of any UK company for 6 years and 6 months.
Under the Company Directors Disqualification Act, the CMA has the power to apply to the court to disqualify a director from holding company directorships or performing certain roles in relation to a company for a specified period, if a company which he or she is a director of has breached competition law. The Act also allows the CMA to accept a disqualification undertaking from a director instead of bringing proceedings, which has the same legal effect as a disqualification order.
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Director of Litigation
Jessica Radke: Jessica.Radke@cma.gov.uk