The British government's Department for Business and Trade (DBT) announced last week the appointment of four new non-executive directors to the Competition and Markets Authority (CMA) board. Among the appointees are Dharmash Mistry, a venture capitalist, and Cyrus Mehta, an experienced competition law expert. They are joined by broadcasting figure Dame Patricia Hodgson and entrepreneurs Justin Basini and Frank Dangeard.
Dharmash Mistry brings a wealth of experience as a venture capitalist specializing in technology and new business models. He has also served in various executive and non-executive capacities on numerous boards, including significant roles within the Premier League and the Football Association. His diverse background positions him well to contribute to the CMA's mission of promoting fair competition in the UK.
Cyrus Mehta, with over 35 years of experience in UK and EU competition law, will serve as a Panel Member and Non-Executive Director. He previously led the European Union and competition team at the London law firm CMS. His record also includes a tenure as a non-executive director for both the BBC and the British Business Bank. Mehta's extensive knowledge of regulatory frameworks will be invaluable as the CMA navigates increasingly complex market dynamics.
CMA Chair Marcus Bokkerink expressed optimism about the new appointments, stating, "Our new board members will bring further fresh perspectives and expertise at a time when our responsibilities, and our positive impact on people, businesses and the economy, are growing significantly." The CMA plays a crucial role as a non-ministerial department dedicated to enforcing competition law and curbing anti-competitive practices in the UK.
The CMA board has significant responsibilities that include setting up the organization and working collaboratively with the chair and chief executive. The addition of Mistry and Mehta, along with Hodgson, Basini, and Dangeard, is expected to enhance the board's capacity to tackle challenges related to competition and market regulation.
Bokkerink highlighted the importance of these new appointments by noting that they would aid the CMA in continuing its progress over the past year. "They will help us continue the great strides we have made over the past year to ensure that people can get great choices and a fair deal, competitive businesses are free to innovate and thrive, and the economy is able to grow more productively and sustainably," he stated.
As the CMA’s influence expands, these appointees are poised to play a pivotal role in shaping policies that affect consumers and businesses alike. With their combined expertise, they are expected to strengthen the organization's efforts to promote competition and ensure a fair marketplace across the UK.