All businesses have a duty to act lawfully, particularly compliance with Competition Law, is the most important aspect for growing economy. In light of this, explain the need for Competition Compliance Programme.

Compliance programmes have following three main purposes: (i) they strive to prevent violation of law, (ii) promote a culture of compliance, and (iii) encourage good corporate citizenship. As the consequences of infringement can be serious a compliance programme must be capable of meeting the changing requirements of business and must make efforts as part of the regular evaluation process to ensure that the compliance programme continues to be relevant. Competition Compliance programme help reduce legal costs in the short run by enabling the enterprise to avoid violation of competition laws, while in the long run, they increase corporate competitiveness by raising the value of an enterprise. The prescription of behavioral standards under the compliance programme not only prevents officers and employees of an enterprise from unconsciously violating the competition laws, but at the same time, relieve the employees of the fear that accompanies breach of such laws. The enterprises also save time and money by securing the following benefits from compliance programme: Corporate officers and employees being well aware of the requirements of competition law may maintain legal transparency. Corporate officers have advance perception concerning the activity of employees that might violate competition laws. Corporate officers and employees can avoid civil and criminal liability resulting from violation of competition laws.