Snapshot: implementing a competition compliance programme in Greece

Compliance programmes

How does a company demonstrate its commitment to competition compliance?

The company’s commitment to competition compliance can be demonstrated, among others, through:

• setting out clear compliance policies, appropriately documented and made available to all company staff, and asking staff for written acknowledgement of receipt thereof;
• designating a member of senior management to take overall responsibility for competition compliance;
• putting in place incentives for compliance with and penalties for breach of compliance policies;
• putting in place reporting, monitoring and auditing mechanisms; and
• taking immediate action if a situation that conflicts with competition rules is detected.

What are the key features of a compliance programme regarding risk identification?

In the absence of government-approved standards or other official guidelines, taking into account the fact that Greek law is largely based on European Union law, the key features of a compliance programme regarding risk identification, risk assessment, risk mitigation and monitoring and review of business practices would largely follow best practices at EU level.

What are the key features of a compliance programme regarding risk assessment?

In the absence of government-approved standards or other official guidelines, taking into account the fact that Greek law is largely based on EU law, the key features of a compliance programme regarding risk identification, risk assessment, risk mitigation, and monitoring and reviewing business practices would largely follow best practices at EU level.

What are the key features of a compliance programme regarding risk mitigation?

In the absence of government-approved standards or other official guidelines, taking into account the fact that Greek law is largely based on EU law, the key features of a compliance programme regarding risk identification, risk assessment, risk mitigation, and monitoring and monitoring and reviewing business practices would largely follow best practices at EU level.

What are the key features of a compliance programme regarding monitoring and review of business practices?

In the absence of government-approved standards or other official guidelines, taking into account the fact that Greek law is largely based on EU law, the key features of a compliance programme regarding risk identification, risk assessment, risk mitigation, and monitoring and reviewing business practices would largely follow best practices at EU level.