𝐈𝐦𝐚𝐠𝐢𝐧𝐞 ... 💭

A company's senior management gets a presentation on competition law compliance. The presentation shows that the fines for infringements can amount to 10% of global turnover at group level. In 2024 alone, the European Commission imposed more than 3.5 billion EUR in fines for cartels and abuse of a dominant position; national competition authorities a multiple of that.

After the presentation, the CEO contacts Legal to get an explanation of the company's compliance programme. Legal explains that all co-workers sign the company's code of conduct, which includes a number of competition law dos & don'ts, and that commercial teams receive periodic online training on key competition law blinkers. The CEO wants to strengthen this compliance programme and wants periodic reporting to senior management. How does the company best approach this?

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐤𝐧𝐨𝐰 𝐦𝐨𝐫𝐞? Read our latest #inthepicture ‘Better a good guide to competition law compliance’ here, or contact our competition counsel Stefanie Colaers.

#compliance #competitionlaw #europeancommission