1

Introduction

1. 1.1

   Competition benefits both businesses and consumers. It shows companies where they need to improve; encourages organisations to strive for greater efficiency, become more innovative, more productive, and ultimately be better businesses.

1. 1.2

   We run our business[es] with integrity and in an honest and ethical manner. All of us must work together to ensure [it OR they] remain[s] strictly within the boundaries of competition law.

1. 1.3

   This policy is a crucial element of that effort. It has the full support of the [insert, eg board]. It sets out the steps all of us must take to comply with competition law in our business.

2

What is competition law and how does it affect us?

1. 2.1

   Competition law is designed to protect businesses and consumers from anti-competitive behaviour, and safeguard effective competition. All businesses must comply with competition law and there can be serious consequences for businesses and individuals, including directors, for non-compliance. These can include heavy fines, prison sentences, director disqualifications and reputational damage.

1. 2.2

   enforcement examples include [insert specific enforcement examples from the industry in which your business is active].