Summary and Guidelines

Pages70-73
An Antitrust Guide for Trade Associations
VI. Summary and Guidelines
Trade and professional associations provide
a multitude of procompetitive benefits to their
members, the industries they represent, and the
public at large. However, because an association
is a combination under the antitrust laws, the
association, its executives, and its members may
be subject to antitrust liability. Awareness of the
broad principles embodied in the antitrust laws
and knowledge of the types of activities that these
laws prohibit go a long way toward guarding the
association against inherent vulnerability.
The following ten basic guidelines can help
trade association officials ensure compliance
with the antitrust laws.
Be certain that all trade association man-
agement, whether lawyers or not, are aware
of the basics of the antitrust laws. Include
anyone who has principal responsibility for
any member committee. Have frequent
briefings for association staff on key anti-
trust issues.
Have counsel with expertise in antitrust law
conduct an antitrust audit of the associa-
tion. Act expeditiously on his or her recom-
mendations.
Assign primary responsibility for antitrust
compliance to a staff member who reports
directly to the association’s chief executive
officer. Make sure this person is aware of
70

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT