At the 2017 SCCE Washington, DC regional meeting we were fortunate to be joined by Terence Stechysin, the Acting Director of Compliance of the Canadian Competition Bureau. In a podcast recorded there, Terry provides a good reminder that when thinking internationally, US compliance officers need to remember that, as close as Canada is, it does have its own regulations and regulators.
In this podcast Terry explains:
- What the role of the Competition Bureau of Canada is
- Its similarity in role to the US FTC and the DOJ’s Antitrust Division and even state Attorney Generals offices
- Their commitment to innovation and competition
- The importance of focusing on business behavior, especially with partners, suppliers, and competitors
- The need to be aware that, when engaging in a business relationship, the organization needs to be aware of competition law
- Common problems such as agreeing to set prices, and who will bid on each contract
- The risks of trade association meetings
- The Competition Bureau’s guidelines on compliance programs, which are available here
- The importance of “shared compliance” — business, government and law firms working together
- The Bureau’s outreach to the community, including at the incubator stage.
Listen in to get better prepared to meet anti-competition challenges in Canada.