A number of regulators have recently issued statements which indicate that they will look more favourably on organisations who have pro-active and effective compliance regimes in place, even if there are circumstances where employees breach competition rules.
Companies that can demonstrate they are making real efforts to enforce compliant conduct can potentially reduce the risk of infractions. They can also ensure that in the event they are in a position where they have to deal with real-life incidents, they are likely to be given more lenient treatment. This may be of particular relevance in the current situation as the competition authorities have stated they are willing to tolerate some types of anti-competitive behaviour if it is temporarily helpful in addressing the challenges presented by the COVID-19 pandemic.
Watch The Lawyer in association with Consilio explore practical and legal considerations which organisations may wish to have in mind when preparing and rolling out compliance programmes, as well as some of the arguments in favour and against pro-active compliance regimes. Speakers discuss how non-contentious and contentious legal advice and practice may start to overlap and who needs to be involved in making decisions on shaping policies.
- Andrew Parsons, Partner, Womble Bond Dickinson
- Donald MacDonald, eDiscovery Consultant, Consilio
Joanne Winship, Director – Legal Compliance, Tata Steel Europe
- Matt Byrne, Deputy Editor, The Lawyer