Market Arrangements Code Change Proposal – Ref CPM035
| Date | 08 December 2021 |
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Market Arrangements Code Change Proposal – Ref CPM035
Modification
proposal
Market Arrangements Code Change Proposal – CPW035 – Panel
election streamlining
Decision
The Authority1 has decided to reject this Change Proposal
Publication date
8 December 2021
The Change Proposal
This Change Proposal was raised in September 2020. At the time the proposal was
raised, it was seeking to address issues that had been identified with the Panel election
process. The proposed amendments were aiming to make the process more efficient
and streamlined, for example by:
• Increasing the timeframe for consideration of nominations;
• Increasing flexibility around voting arrangements; and
• Improving the effectiveness of the decision making process.
Further detail regarding the issue that the proposal was seeking to address can be
found in the Final Report.
CPM035 was submitted to Ofwat with a recommendation to approve in November 2020.
However, this Change Proposal was placed on hold in view of the ongoing review of
Panel governance at that time, further detail regarding this work has been provided
below. CPM035 remained on hold until the work relating to Panel governance had
concluded, and subsequently whilst we considered higher priority Change Proposals.
Background to the review of Panel governance
In August 2020, Ofwat had published our ‘Review of Incumbent Support for Effective
Markets’ (project RISE). Project RISE concluded that if the business retail market is
going to deliver improved outcomes for customers, the environment and society more
generally, then the market-led approach to governance needs to facilitate innovation
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Unless otherwise specified, the terms used in this document are those defined in the MAC.
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