Accenture
- An overview of the tool
- A video demonstration of the tool
Accenture Customizable Language Search Tool
Accenture’s customizable language search tool allows the competition law team, in the context of a very large multinational with many millions of documents, to target key issues in a very efficient way and significantly reduces document review times. This application allows its users to search multiple documents simultaneously for language that could be relevant in a competition law context.
Compliance plays an integral role in antitrust/competition law and this initiative recognizes its growing centrality.
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.
You have probably heard that it is much better to be safe than sorry. This maxim, applicable to so many situations, can also be used when we discuss corruption, since the act of anticipating situations prevents they spread through public or private companies. Corruption, besides compromising the money of entities, whether public or private, also puts their reputation at stake. On the other hand, compliance programs may establish an organizational culture that encourages ethical conduct and a commitment to comply with the organization’s internal and external standards. In this way, they promote the fight against corruption and reduce the number of lawsuits and administrative proceedings, as well as the chances of financial losses. Experience shows that an effective compliance program can bring about great results. By adopting such programs, we ensure the maintenance of competition in the market and prevent the emergence of violations and harm caused by the lack of competition. Moreover, if we keep a company from losing value, it certainly creates benefits to the entire supply chain, that is, the company itself, investors, consumers, trading partners, and even authorities, as prevention is always preferable to repression, incurring lower costs to society. In view of this, it is important to recognize initiatives that aim to foster and encourage companies to have robust compliance programs that are capable of mapping risks and minimizing the practice of illegal acts, whether these are related to competition law or other matters.
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!
I am very delighted to be part of the Antitrust Compliance Summit & Awards Steering Committee together with other distinguished members.
The Italian Competition Authority strongly supports this much-needed initiative of Concurrences which contributes to promote and strengthen a competition culture at global level and I hope its innovative format will attract as many participant agencies as possible in sharing their experiences in evaluating compliance programmes for the purpose of potential fine reductions for businesses.
Since the adoption of our own guidelines in 2018, antitrust programmes in Italy have become an increasingly important component of businesses’ general compliance programmes. Our practice has shown that designing and implementing antitrust programmes is not a “box-checking exercise” and there is no “one size fits all” type of programme.
I believe this initiative, by exchanging best practices for successful antitrust compliance, will surely be of interest for our agency as well as many other competition agencies around the world.
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