1 Drivers of Compliance and Non-Compliance with Competition Law Jackie Holland Director of Competition Policy.

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Presentation transcript:

1 Drivers of Compliance and Non-Compliance with Competition Law Jackie Holland Director of Competition Policy

2 Discussion with ICLA ● Overview of OFT project ● Questions to discuss:  What are the key drivers of competition law compliance within your businesses?  If a slip up occurs, what tend to be the reasons for this?  What are the essential elements to creating a competition law compliance culture within a business? What is current best practice in competition law compliance?  Is it possible to evaluate the effectiveness of a compliance culture? If so, how?

3 Key Drivers of Compliance ● Sticks - risks of:  Fines  Director disqualification  Criminal cartel offence  Reputational damage  Private actions ● Carrots: what are these?

4 What are the key reasons for non- compliance?

5 What are the key elements for an effective competition law compliance culture?

6 What is current best practice in competition law compliance?

7 Effectiveness of a competition law compliance culture ● Is it possible to evaluate the effectiveness of a competition law compliance culture? ● If so, how?