I congratulate Concurrences on their timely initiative of the Antitrust Compliance Summit & Awards. To highlight the importance of antitrust compliance at this moment is very welcome as we know that firms and managers are particularly tempted to engage in anticompetitive and collusive practices in times of crises.
Compliance should be in focus for competition authorities. Prevention is always better than cure. Therefore, the Antitrust Compliance Summit & Awards initiative is to be lauded.
The Competition and Consumer Commission of Singapore is honoured to be part of the Antitrust Compliance Summit & Awards Steering Committee. We hope that the awards will spur competition authorities to further raise awareness of competition law through greater recognition of their work.
From being a fringe activity for the legal profession, competition law compliance has become a key pillar of good corporate citizenship over the last 15 years or so. So much legal expertise, business insight and creativity goes into ever-more sophisticated and bespoke compliance programs. It is about time to recognize outstanding accomplishments in this important field, and I am very pleased that Concurrences has given me a chance to support their initiative.
I am delighted to join the jury panel for the 2021 Antitrust Compliance Global Summit & Awards. The Summit creates an important platform to acknowledge the challenges faced in the last year whilst the Awards allow us to recognize the achievements of those who have overcome such challenges and are producing great work despite the odds. Events such as the Antitrust Compliance Global Summit & Awards are an excellent opportunity for agencies across the world, particularly the smaller ones, to inspire each other by sharing their innovative ideas, discussing best practice and highlighting their successes. I look forward to seeing you in January!