Panel membership

The Panel comprises up to 36 members, representing a spread of expertise in takeovers, securities markets, industry and commerce. The Chair, Deputy Chairs and up to 20 other Panel members are appointed by the Panel on the recommendation of the Nomination Committee. In addition, 12 Panel members are appointed by the following major financial and business institutions:

  • The Association for Financial Markets in Europe (with an additional appointee also for its Securities Trading Committee)
  • The Association of British Insurers
  • The Association of Investment Companies
  • The Confederation of British Industry
  • The Institute of Chartered Accountants in England and Wales
  • The Investment Association
  • The Pensions and Lifetime Savings Association
  • The Personal Investment Management and Financial Advice Association
  • The Quoted Companies Alliance
  • UK Finance (with an additional appointee also for its Corporate Finance Committee)

The Chair and at least one Deputy Chair are designated as members of the Hearings Committee. Of the other members appointed by the Panel, up to 12 Panel members are designated upon appointment as members of the Code Committee and up to eight Panel members are designated upon appointment as members of the Hearings Committee. The Panel members appointed by the bodies listed above become members of the Hearings Committee without further designation.

No person who is or has been a member of the Code Committee may simultaneously or subsequently be a member (or an alternate of a member) of the Hearings Committee.

The current Panel members are as follows:

MemberRoleAppointmentAlternates
Michael Crane QC
ChairAppointed by the Panel 
Justin DowleyDeputy ChairAppointed by the Panel 
Philip Remnant

Deputy ChairAppointed by the Panel 
Mark Armour
Former CFO, RELX
 Appointed by the Panel 
Claudia Arney
Chair, Deliveroo
 Appointed by the Panel 
Mark Astaire
Chairman, Barclays Corporate Broking
 Appointed by the Association for Financial Markets in Europe representing its Securities Trading CommitteeMark Seligman
  Appointed by the Association of British InsurersAki Hussain
William Brooks
President, Institute of Chartered Accountants in England and Wales
Appointed by the Institute of Chartered Accountants in England and WalesMo Merali, Simon Russell
Stuart Chambers
Chairman, Anglo American
 Appointed by the Panel 
Lord Deben
Chairman, Personal Investment Management and Financial Advice Association
 Appointed by the Personal Investment Management and Financial Advice AssociationGary Bottriell, Ruthven Gemmell
Liv Garfield
CEO, Severn Trent
 Appointed by the Panel 
Richard Godden Partner, Linklaters Appointed by the Panel 
Jessica Ground
Global Head of ESG, Capital Group
 Appointed by the Panel 
Michael Hatchard
Former Partner, Skadden, Arps, Slate, Meagher & Flom
 Appointed by the PanelAdam Signy
Michael Herzog
Co-CEO, Partner, Davidson Kempner European Partners
 Appointed by the Panel 
Robert Hingley
Chairman, Law Debenture
 Appointed by the Panel 
Susan Kilsby
Former Chairman, Shire
 Appointed by the Panel 
James Laing
Managing Director, Rothschild & Co
 Appointed by the Panel 
Martin Mannion
Head of Trustee Services, John Lewis Partnership Pensions Trust
 Appointed by the Pensions and Lifetime Savings Association 
Rosemary Martin
Group General Counsel and Company Secretary, Vodafone Group
 Appointed by the Panel 
Lord Monks
Former General Secretary, The Trades Union Congress
 Appointed by the PanelKay Carberry
Alan Porter
Group General Counsel and Company Secretary, M&G
 Appointed by the Confederation of British IndustryPeter Swabey
John Reizenstein
Non-Executive Director, Beazley
 Appointed by the Panel 
Chris Saul
Former Senior Partner,
Slaughter and May
 Appointed by the Panel 
Elisabeth Scott
Chair, Association of Investment Companies
 Appointed by the Association of Investment CompaniesRachel Beagles, William Hemmings
Keith Skeoch
Chairman, the Investment Association
 Appointed by the Investment AssociationChris Cummings
Mark Sorrell
Co-Head of Global M&A,
Goldman Sachs
 Appointed by the Association for Financial Markets in EuropeMark Seligman
Tim Waddell
Vice Chairman, Corporate & Investment Banking, Bank of America
 Appointed by the Panel 
Tim Ward
CEO, Quoted Companies Alliance
 Appointed by the Quoted Companies AllianceMichael Higgins, James Brotherton
Emma Watford
Partner, Bridgepoint
 Appointed by the Panel 
Robert Wigley
Chair, UK Finance
 Appointed by UK FinanceHannah Gurga
Charles Wilkinson
Chairman, UK Corporate Broking Deutsche Bank
 Appointed by UK Finance representing its Corporate Finance CommitteeStuart Ord
 

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Disclosure Table

Details of offeree companies and offerors currently in an offer period. Positions and dealings in relevant securities must be disclosed under Rule 8 of the Code.

Current Table - Rule 8 Summary
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The Takeover Code

The Takeover Code is designed to ensure that shareholders are treated fairly, are not denied an opportunity to decide on the merits of a takeover and are afforded equivalent treatment by an offeror. It provides an orderly framework within which takeovers are conducted.
Download Code as PDF - Order printed copy

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Statements by the Panel

Download Statements, Practice Statements and Annual Reports published by the Takeover Panel.

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Company announcements

Where to find statements and disclosures notified to a Regulatory Information Service in relation to takeovers regulated by the Takeover Panel.

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