About the OFT
OFT Board
The OFT Board came into effect on 1 April 2003. The Board gives the OFT strategic vision and perspective, plus the range and depth of experience to ensure that its new powers are matched by proper accountability.
The Board has a duty to keep under review the marketplace for goods and services in the UK with a view to identifying practices or behaviour that may adversely affect consumers' interests, and either take direct remedial action - through, for example, references to the Competition Commission or revocation of consumer credit licences - or make recommendations to ministers for legislative change.
The Board also has a statutory duty to publish advice and information for consumers. The main area of legislation under which the board exercises power is the Enterprise Act 2002, which received royal assent in November 2002.
John Fingleton announced in February is he to leave the OFT later this year. The OFT Chairman and Department for Business, Innovation and Skills have agreed to recruit an interim CEO through a competitive process from within the Civil Service. This person will lead the OFT over the next two years until the establishment of the Competition and Markets Authority which will be a new organisation combining the OFT and the Competition Commission. The OFT Chairman and the Secretary of State for Business, Innovation and Skills hope that an appointment will be announced in June.
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Board and Committee members
OFT Committee members
OFT Audit and Risk Assurance Committee members
- Anthony Lea (Chair)
- Alan Giles
- Philip Marsden
Read more about the Audit and Risk Assurance Committee
OFT Executive Committee members
- John Fingleton (Chair)
- Frances Barr
- Vivienne Dews
- Amelia Fletcher
- Clive Maxwell
OFT Remuneration Committee members
- Philip Collins (Chair)
- Alan Giles
- Philip Marsden
Read the Remuneration Committee's terms of reference (pdf 50kb)
Board expenses and meeting minutes
- Board members' expenses
- Download Board members' expenses. All files are PDF.
- OFT Board minutes
- The OFT Board holds monthly meetings. This page contains links to OFT Board minutes dating back to 2003.
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