The Competition and Markets Authority asked IFF Research to conduct a competition law survey amongst businesses and found that in many cases, business leaders were not aware of potential red flags for anti competitive behaviour. There were 1200 respondents to the survey which was conducted by telephone.
Red flags (risky behaviour) was found in a number of key areas:
- Over 80% businesses had contacted other businesses at the same level on the supply chain in the preceding 12 months. Nearly 45% admitted to such contact on a weekly basis.
- Nearly 10% of respondents openly admitted that they had discussed prices (rising to 22% for the construction sector).
- Nearly 8% of businesses spoke to competitors directly to find out their prices.
Awareness of competition law. The research shows that:
- Nearly 20% of respondents reviewed compliance at senior levels. Just over 5% held training sessions on competition law.
- Nearly 25% of respondents stated that they had a good working knowledge of competition law. It follows that 75% did not have such a knowledge.
- Only half of respondents ran training sessions for staff.
- Two thirds of respondents said they did not know the penalties for non compliance.
How we can help
- We can visit your premises and train staff and senior managers
- We can draft compliance policies for you and your staff.
- We can review current practices you may have in your business and with other businesses that you think might infringe competition law
If the worst does happen, we can defend your business in proceedings brought (from initial disclosure of documents through to final decisions) brought by the Competitions and Markets Authority and help you broker a settlement should it come to that.
For further details please contact: