Competition
and antitrust

Any infringement of EU or UK competition law can have serious consequences with fines as high as ten per cent of global turnover.

What we do

GoodCorporation’s Antitrust Framework can be used to help companies minimise competition risks by ensuring that the correct systems and processes are working on the ground. Our clients use the framework for internal self-assessment or for independent external assurance. It can be used to assess systems already in place or as a checklist for identifying what needs to be done and how best to put this into practice. In the UK, the Competition and Markets Authority is encouraging businesses to put measures in place to comply with legislation while at the same time taking a more aggressive stance in prosecuting breaches of antitrust laws.

As a result, the number of industries under review for suspected anti-competitive behaviour has increased. While the legal framework may be clear, companies need to ensure that they have the right ethical culture and relevant practices firmly embedded.

GoodCorporation’s
Antitrust Framework
covers the following areas

Leadership and responsibility
Senior management lead by example through adopting and actively promoting fair competition policies and ensuring there is an effective antitrust compliance programme.

Risk assessment
The organisation ensures that antitrust risks are actively assessed.

Commercial practices
The company does not form cartels, fix prices, rig bids, mislead, limit production, agree to share customers, abuse dominant positions or take any other actions to restrict fair competition.

Training and communication
The company ensures that its employees and other relevant stakeholders are trained on antitrust principles.

Monitoring and compliance
The organisation will have in place effective internal monitoring processes to support the antitrust policies.

Download
our Framework