Anti Trust Biggest Mistakes Board of Directors Make
Anti Trust, Anti Competition Biggest Mistakjes Board of Directors Make in the Boardroom . AntiTrust ERA
Hi, this is Yusuf I quickly want to talk about Antitrust Anti-competition, it’s an ERA that’s coming right now, it’s not only the tech sector but pharmaceutical and major companies you know, I traveled recently internationally in the last couple of weeks and one thing, I saw I want to explain why this is happening to the board members.
For one thing, unfortunately, since the Central Banks across Europe, the European union U.S. and across the planet have been pumping a lot of cash because of the COVID stimulus(es) now money’s been pumping out but nothing’s coming in (revenue/ taxes) because if you had traveled internationally recently you’ve seen like 6 out of 10 and some places 8 out of 10 businesses local shops mom-and-pop shops did not survive the COVID crisis so there’s no revenue stream so the reason why we’re having this large flux of Anti-trust in Anti competition is really coming from the revenue stream challenging the business (models) streams.
In addition, there’s the reality of the price manipulation and opening the platform, Too Big to Fail, you know Apple, Amazon, Google all these companies have a large influence, not only in the U.S. but globally and there’s a legitimate concern here. Now, if you’re sitting on these boards on these companies a couple of things that I want to say you know being a compliance officer, I mean work with legal teams across the planet and CEOs and board members, one thing I want to tell is having a strong (AntiTrust) Compliance Program, antitrust anti-competition Risk Assessments
looking at M&A deals, doing the due diligence on, not like just the big ones but small ones are they opening the platform the influence to consumers and sometimes you know free is not the best option meaning, it’s really how much of the Data and Privacy and Security are they really influencing, you know something is a Shortage of Talent (AntiTrust Professionals ) one major thing I see the biggest problem is a shortage of talent, and I’m I mean there’s not a lot of legal councils and their legal teams that really have the expertise of Anti-competition you know, Antitrust / Anti-competition.
These programs are very strategic to the organization and not a lot of legal councils are trained you know a shortage of talent to pull them into your company and really having a strong vision to explain to executives why this needs to be done the risk assessment of why these priorities need to shift I haven’t seen many legal councils that are really well-versed in this (area) and fresh graduates are not well trained so that’s one thing I want to bring to the boardrooms, collaborate with me and I’d be happy to give you more advice um and have a wonderful year if I don’t talk to you soon