Engaging Business for Competition Compliance in ASEAN
SINGAPORE, 21 August 2014 – Representatives of the ASEAN Experts Group on Competition (AEGC) and the ASEAN Secretariat gathered in Singapore today for a dialogue on key issues and challenges to enhance effective business compliance of Competition Policy and Law (CPL) in the region. The one-day workshop which was held at the Grand Park City Hall Hotel and hosted by the Competition Commission of Singapore (CCS), discussed issues related to the design and implementation of appropriate outreach and evidence-based advocacy measures vis-à-vis the business community.
Business compliance with competition rules is key to building an effective competition regime: companies should not only understand the benefits of CPL but will need to be familiar with the potential consequences of infringing competition rules. A company-wide compliance program can help avoid potentially anti-competitive business practices.