Antitrust

Definition
Antitrust legislation consists of laws and regulations that are intended to prevent free-market restrictions. For example, legislation might deal with various restrictions on competition, types of monopolies, or cartels that threaten free competition in trade and business operations.

Background
All businesses, including Ramudden, risk ending up in situations in which market competition has come to an end. So it’s important that we, as a company, support free competition and never initiate anything that can prevent, limit, or interfere with the free market. Our behaviour and our organization must contribute to promoting fair competition for the benefit of customers and clients.

Aim
Guidelines that address antitrust and competition give our employees, partners, suppliers, customers, and other stakeholders clear messages about how we act in various situations and which rules and regulations apply. These guidelines aim to make every individual a good citizen and to strengthen Ramudden as a company. And each employee can feel secure regarding what applies.

 

Ramudden follow the laws and regulations that apply in each country for antitrust and competition. We believe that honest competition and a fair playing field benefit our customers and give our security products and services a chance to succeed solely based on our high quality and extensive expertise.
Ramudden can reduce risks that it contributes to distorted competition by following these guidelines.

• Share price-setting information (or the like) with our competitors.
• Sign agreements with competitors whereby the agreements might restrict trade.
• Enter agreements with our competitors regarding purchase or sale prices or other trading terms.
• Enter agreements with competitors, suppliers, or customers regarding restrictions of and control over markets, products, services, or investments.
• Enter hidden agreements with competitors regarding tenders. That said, we can enter into agreements concerning partnerships and joint offers/products for customers.
• Enter agreements to boycott or discriminate against an individual supplier.

 

Responsibility
All employees are personally obliged to follow the laws, regulations, regulatory requirements, and guidelines associated with antitrust and competition. Noncompliance with the guidelines can lead to disciplinary sanctions.

Ultimately, Ramudden's managers are responsible for ensuring that the guidelines have been communicated to employees and to relevant external parties to promote broader knowledge and use of the guidelines.