In trade and business, the goods, services along with the conduct of the enterprises always stand crucial. The economic development and consumer welfare of a particular nation depends on these above aspects. To smoothen the trade and business activities across the world, different domestic laws and international laws has been placed and enforced. These recent laws brought manyresponsibilities and additional management challenges for the enterprises in terms of legal compliance. Basically, modern enterprises governed by two major laws such as competition law that ensures external conduct of the enterprisewhereas company law ensures internal governance of the enterprises. Thus for an enterprise perspective, compliance of competition law is equally important as compliance of corporate governance norms. The recent paper explain the required action plan and importance of compliance of competition law in enterprises perspective that utmost for the enterprises as well as individuals to save from aggressive sanctions and enforcement of competition regulators.
Cite this article:
Biranchi Narayan P. Panda. Compliance of Competition Law: A Corporate Perspective. Int. J. Rev. and Res. Social Sci. 2018; 6(2): 141-147. doi: 10.5958/2454-2687.2018.00012.6