Bulletin Corporate Compliance Programs

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Part VI - Conclusion

The success of Canadian competition laws is largely attributed to voluntary compliance by firms and individuals. An effective Compliance Program is a valuable tool in preventing and detecting competition law violators.

A Compliance Program educates company personnel about the basic features of competition law and the significant harm that may result from failing to comply.

As a result, it is important to have a credible and effective program that will help to clarify the limits of legitimate business conduct. A credible and effective program will enhance understanding of what is acceptable behaviour so that legitimate competitive practices can be vigorously pursued without contravening the law.