104 Good Corporate Governance Principles and Code of Business Ethics (Edition 2022) 7.1 Work within the rules governing free and fair competition. 7.2 Not enter into any agreement with any other operator which would result in diluting or restricting trade competition which may harm the economic system and consumer. 7.3 Not collude in bid pricing with others. Not enter into an agreement with other parties to boycott any particular supplier, except where international sanction is enforced. 7.4 Not seek competitor’s trade secrets through inappropriate means or in bad faith. 7.5 Not harm competitors’ reputation by making unfounded allegation. In conducting business, trade competition is not to be cited as ground for discrimination. 7.6 Supporting or lending cooperation to trade competition or supplier can be done strictly as allowable by the law, provided that it does not constitute monopoly, for revenue and market share allocation, compromising quality of product and service, and price-fixing, which will negatively affect general consumers. Example You heard rumors circulated online about damaging story of a Company’s competitor. Should you share this piece of hearsay to gain trade advantage for the Company? Advice You should not share information that is not verified and should not seek to undermine competitor’s reputation through defamation. Business competition must be under fair trade rules, without foul play or discrimination. Staff should be conscious about act that may violate the Computer Crimes Act, and cybersecurity.
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