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ARTICLE · 03 JANUARY 2012

Countering Competition Risks: Towards A Culture Of Compliance

The broad range of articles in this publication illustrates how pervasive antitrust issues have become.

BelgiumAntitrust/Competition Law
Oliver Geiss
Oliver Geiss

An extract from The European Antitrust Review 2012 - a Global Competition Review special report.

Introduction

The broad range of articles in this publication illustrates how pervasive antitrust issues have become. They have spread to affect companies in almost every industry, irrespective of where they do business.

Notwithstanding the variety of different ways that competition law can impact upon a firm, its management and its employees, one common concern cuts across all sectors and jurisdictions – namely, the importance of compliance. This article will consider all aspects of this issue, focusing in particular on the need to instil a culture of compliance within organisations and how this can be achieved most effectively. The article emphasises two key issues: firstly, that the creation of a pervasive 'culture' is the best possible way to limit the risks associated with non-compliance; and secondly, that a 'culture' means more than just a policy or a

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