Disclosures of interest
Members’ interests:
Professor Waterson has published on aspects of the brewing
industry, in respect of its relationships with retailers,
and plans to publish in this area. He has also published a
jointly authored book on the food industry, again focusing
on relationships between retailers and manufacturers of food.
Professor Waterson believes that he can discharge the obligations
of a member of the Group investigating this inquiry independently
and impartially. The Competition Commission believes that
the matters described above will not affect his ability to
act independently or impartially in discharging the CC’s
functions in this inquiry.
Diana Guy and her husband have several investments in Diageo,
a drinks manufacturer and customer of the merging companies.
These investments are managed on their behalf by Lloyds TSB
Private Banking on a wholly discretionary basis (she has no
influence over which shares are held). These investments are:
- Diana Guy and her husband hold 600 Ordinary
Diageo shares in a joint portfolio
- Diana Guy holds 2,742 Diageo shares in
a Personal Equity Plan (PEP) and her husband holds 565 Diageo
shares in a PEP
Diana Guy also holds 2000 Diageo shares in her Self Invested
Personal Pension, which is managed on a wholly discretionary
basis by Whitefoord Limited.
Carolan Dobson’s husband also owns 619 shares in Diageo.
Diana Guy and Carolan Dobson do not believe that the matters
disclosed above in relation to them will affect their ability
to act impartially and independently as Chair and member of
the Group, respectively. The CC is satisfied that Diana Guy’s
and Carolan Dobson’s shareholdings will not affect their
ability to act independently or impartially in discharging
the CC’s functions in this inquiry.
Staff interests:
The wife of John Hodgson, a member of staff working on this
inquiry, owns 2000 shares in Cadbury Schweppes, a drinks manufacturer.
The CC does not believe that the matter disclosed above in
relation to Mr Hodgson affects his ability to act impartially
and independently in advising the Group.
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