CMA board meeting minutes: March 2025
Published 25 April 2025
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Meeting date: 19 March 2025
Venue: in the Cabot, London and online
Members present
- Doug Gurr, Chair
- Joel Bamford
- Justin Basini
- Sarah Cardell, Chief Executive Officer (CEO)
- Martin Coleman
- Cynthia Dubin
- Juliette Enser
- Will Hayter
- Dame Patricia Hodgson
- Daniel Lambauer
- Cyrus Mehta
- Dharmash Mistry
Advisers present
- Karen Croxson, Chief Data and Technology Insights Officer
- Jessica Lennard, Chief Strategy and External Affairs Officer
- George Lusty, Interim Executive Director for Consumer Protection and Markets
- Chris Prevett, General Counsel
- Mike Walker, Chief Economic Adviser
Apologies
- Frank Dangeard
- Murdoch MacLennan
CMA staff present
- Kate Bridge, Director of the Executive Office
- Committee Secretary, Minutes
The meeting was also attended by teams from across the CMA.
1. Introduction
The Chair welcomed members to the meeting.
Minutes
The board approved the minutes from the meeting of the board on 26 February 25, with no changes.
2. Chair’s reflections
The Chair updated the board on his recent engagements.
Strategy
3. CEO’s introduction to the 4Ps
The CEO updated the board on the programme of work relating to the CMA’s proposals to drive growth, investment, and business confidence through the adoption of the ‘4Ps’ (pace, predictability, proportionality, and process) to ensure a robust, independent competition regime that drives growth and investment and upholds consumer interests.
4. Mergers and the 4Ps
The board was updated on work to apply the 4Ps as part of the UK’s mergers regime.
5. Digital Markets Unit and the 4Ps
The board was updated on work to apply the 4Ps as part of the digital markets competition regime.
6. Consumer enforcement and the 4Ps
The board was updated on work to apply the 4Ps as part of the consumer protection regime.
Portfolio and risk management
7. CEO update
The board was updated on and discussed recent developments in the CMA’s portfolio.
8. Risk register review
The board reviewed the corporate risk register and the CMA risk profile.
9. ARAC update
The Chair of the Audit and Risk Assurance Committee (ARAC) updated the board on the items discussed at its meeting on 17 March, including work relating to the ongoing internal audit programme.
10. Panel update
The Panel Chair updated the board on the ongoing cases involving the Panel.
People and business model
11. Finance and resources update
The board was updated on the CMA budget and staffing position.
12. Our offices: Property strategy update
The board was updated on the ongoing work on the CMA property strategy and portfolio.
13. Any other business
The board noted that work on the Annual Plan was progressing well, with a small number of updates since the last presentation.