Competition law compliance secret #1:
Firstly, your salesforce needs to know that competition law is serious business and can affect their bottom line–even to the point where authorities can get involved in their personal lives.
Competition/Anti-trust legal penalties are SEVERE:
- Fines (up to 10% of worldwide turnover)
- Cease & Desist orders, consent decrees, authorities dictating your terms, conditions and prices
- Personal liability for company officers
- Searches of offices, laptops, and employee homes
I can put a training program together for your company or your legal department. Click feedback on the left of your screen and send me a message–I will immediately get back to you.
You have had a lot of success in the marketplace and you may in fact be the market leader. With success comes responsibility–the obligation to engage in fair competition and to respect your distributors.
Do you want to know the 5 secrets to how you can ensure competition law compliance and maintain friendly relations with the EU and local authorities?
Each week I will publish one vitally important piece of advice that you can immediately use in your enterprise, along with the possibility to contact me for further information if you need it. This week’s secret: Train your salesforce.