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CMA Updates Competition Law Risk Guide For Managers

By  |  September 10, 2020

The latest guide from the Competition and Markets Authority (CMA), together with the Institute of Risk Management, featured up-to-date case studies that draw out lessons learned and provide examples of best practice.

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    It also shines a light on accountability, highlighting that it is the responsibility of directors to ensure their companies comply with competition law, and that risk professionals advising them must make sure they are aware of this.

    It comes as the CMA secures its 20th disqualification of a company director in the past 4 years. One of the most recent examples involved the director of an estate agent who has been prevented by court order from being a director of any UK company for 7 years. This was due to his contribution to an illegal arrangement in which 6 estate agents in Somerset agreed to fix a minimum commission rate of 1.5% for residential estate agency services.

    Full Content: Gov UK

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