Non Executive Directors – Competition and Markets Authority
Remuneration: £27,000 per year approximately 3 days of work a month
Location: Central London
The Competition and Markets Authority (CMA) works to promote competition for the benefit of consumers, both within and outside the UK. Its aim is to make markets work well for consumers, businesses and the economy, with a strong consumer protection role. Since its inception in 2014 it has delivered over £3bn worth of benefit to consumers.
This is a critical time for the CMA as it is expected that there will be a significant increase in casework following the UK’s exit from the EU, with the organisation also running cases alongside the European Commission and other key competition authorities around the world.
About the Role
The CMA is now looking to recruit three Non-Executive Directors to sit on the organisation’s Board.
The CMA Board sets the strategic direction, policy framework, and priorities of the organisation, and monitors its performance against its objectives. Non-Executives will play a key checks and balance role, ensuring that the CMA fulfils its statutory duties with effective use of public funds as well as managing risks - and taking a strong lead on issues such as equality and diversity.
They will also take substantive decisions on publishing market study notices and whether to refer a market for a more detailed investigation.
NEDs may also be asked to serve on the CMA’s Audit and Risk and Remuneration Committees and on Competition Act 1998 Case Decision Groups.
The Board is composed of a Non-Executive Chair and other members (including the Chief Executive and Executive Directors). The Board meets on average 11 times a year.
We are interested in receiving applications from individuals with a diverse range of skills and experience, in particular those with backgrounds in business, government, public policy and/or the voluntary sector and encouraged to apply.
Given the increasing importance of the digital and technology sectors to the economy, we would also welcome candidates with experience in these areas.
Non-Executive Directors will be able to engage and build relationships with CMA’s main stakeholders, acting as a strong advocate for competition and consumers. You will have the ability to develop strategy and provide strategic direction in a way that ensures the CMA fulfils its statutory duties.
You will be capable of effectively analysing and providing solutions to a variety of complex competition and consumer issues. You will possess the capacity to critically and impartially appraise complex economic analysis and legal concepts. Finally, you will have an aptitude for absorbing details of financial and corporate governance issues.
How to Apply
The closing date for applications is 18th June 2018.
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