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CMA Board meeting minutes: 22 January 2025

Published 12 March 2025

© Crown copyright 2025

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This publication is available at https://www.gov.uk/government/publications/cma-board-meeting-minutes-january-2025/cma-board-meeting-minutes-22-january-2025

Meeting date: 22 January 2025

Venue: In the Cabot, London, and by videoconference

Members present

  • Cynthia Dubin (Chair)
  • Joel Bamford
  • Justin Basini
  • Sarah Cardell (CEO)
  • Martin Coleman
  • Frank Dangeard
  • Will Hayter
  • Dame Patricia Hodgson
  • Daniel Lambauer
  • Cyrus Mehta
  • Dharmash Mistry

Advisors present

  • Juliette Enser, Interim Executive Director for Competition Enforcement
  • 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
  • Karen Croxson, Chief Data & Technology Insights Officer[footnote 1]

Apologies

  • Murdoch MacLennan

CMA staff present

  • Kate Bridge, Director of Executive Office, Security, and Property
  • Committee Secretary.(minutes)

Teams

The meeting was attended by teams from across the CMA.

Minutes

The Board approved the minutes from the meetings of the Board on 11 December 2024 and 6 January 2025, with no changes.

Introduction

1 . Introduction

In the absence of the Chair, in accordance with the Board Rules of Procedure, the Senior Independent Director (SID) acted as Replacement Chair for the meeting.

Strategy, portfolio and risk management

2 . CEO update

The Board was updated on and discussed recent developments in the CMA’s portfolio and risk profile. The Board also reviewed the corporate risk register and the external guidance tracker.

3 . Business Model: Finance, Resource, and Organisational Change Programme update

The Board was updated on the CMA budget and staffing position and phase 2 of the Spending Review.

4 . ARAC update

The Chair of ARAC updated the Board on the items discussed at its meeting on 20 January, including ongoing work relating to the CMA’s risk assurance framework.

5 . Publication of the Consumer Detriment Survey 2024 and accompanying Microeconomic Unit Report

The Board was updated on the Consumer Detriment Survey 2024 and plans for its publication.

6 . OIM Portfolio Review

The Board was updated on the statutory review of OIM carried out by the Department for Business and Trade and received an overview of planned activities for 2025.

7 . Water Industry Regulation

The Board was updated on the latest developments and discussions surrounding the upcoming regulatory appeals, and the wider implications for the CMA.

Policy and Cases

8 . Infant Formula Market Study

The Board was updated on the most recent developments and findings of the project team, prior to the publication of the final report.

Business Model

9 . SMS Levy

The Board discussed considerations around a possible digital markets competition regime levy.

10 . AOB

The Senior Independent Director, acting as Chair, thanked the Board for the meeting.

  1. KC joined the meeting for items 1 and 2. ↩

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