Description: Florence Thépot provides the first systematic account of the interaction between competition law and corporate governance. She challenges the 'black box' conception of the firm- or 'undertaking' - in competition law, as applied to increasingly complex corporate relations. The book opens the 'black box' of the firm to understand the internal drivers of collusive behaviour, and proposes a unified approach to cartel enforcement, based on the agency theory. It explores key issues including corporate compliance programmes, the attribution of liability in corporate groups, and structural links between competitors, and should be read by anyone interested in how the evolution of the corporate landscape impacts competition law.
Brief description: Florence Thépot is a lecturer in Competition Law at the University of Glasgow and holds a Ph.D. from University College London. Her research focuses on the law and economics of competition, with an emphasis on issues at the interface with corporate governance. She received the Young Writers' Award by Kluwer Law International for an article on two-sided platforms. In 2014, she was an American Bar Association International Scholar-in-Residence.
Review Quotes: 'Overall, this is an appealing, well-structured monograph, which explains in an approachable manner a set of very complex and controversial problems that emerge when competition law scholarship searches for guidance from neighbouring areas, which know the internal mechanics of the corporate/institutional decision-making process better.' Oles Andriychuk, European Intellectual Property Review