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Complying with Competition Law
16
A compliance officer should be chosen, ideally someone senior
in the organisation. The compliance programme should be
aligned with the business strategy and other policies, such as
the code of conduct and disciplinary code.
The compliance officer is responsible for the planning and
development of the competition law compliance programme.
It is important that all management and staff know who the
compliance officer is in case they have any questions about
competition law or the compliance programme, or if they have
any information about improper conduct.
The compliance programme should have an overarching
commitment to comply fully with competition law.
It is important that the programme makes it clear to everyone
in the business why compliance is important. The programme
should include an overview of potential infringements of
competition law, setting out the powers of the Competition
Authority when investigating possible infringements and
explaining what the consequences are for individuals and com-
panies.
Compliance should form part of the business' ethos and should
be supported in all of the business' codes of practice, policies
and procedures. The programme should make it clear that
management and employees all have a duty to comply with
the law. The compliance officer should deal with questions and
concerns about compliance and should be in a position to get
advice on whether practices comply with competition law.
The programme should have a clear procedure for reporting
non-compliance, through the compliance officer, to senior
management. Ideally the person reporting the problem should
be dealt with in confidence, if possible.
In addition to containing details of the legal consequences, the
programme should also clearly state the disciplinary action that
the company will take against staff who do not comply.
Management and staff should all be clear about all of the
consequences of not complying with the programme.
The planning and development stage
typically involves:
·
management committing to competition law
compliance
·
creating a culture of compliance
·
appointing a senior person as compliance officer
·
designing a compliance programme that will fit
your business
·
overarching commitment to comply with
competition law
·
written guide on competition law and importance
of compliance procedures for non-compliance and
disciplinary action for non compliance