Anti-Competitive Behaviour

In this section:

Total number of legal action for anti-competitive behaviour, anti-trust, and monopoly practices and their outcomes.
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CNCo takes all these behaviours and practices very seriously and requires both its employees and its contractors the highest ethical standards, as described in its Corporate Code of Conduct (“CCoC”).

We are pleased to report that CNCo was not involved in any legal actions for anticompetitive behaviour, anti-trust, and monopoly practices during the calendar year 2012.

In Q4 we were establishing a more rigorous regime for making employees aware of our Code of Conduct and its contents. This would have (will) demonstrated quantitatively and formally that all employees were aware of all the provisions of CCoC.

However during this process it was decided to materially expand the CCoC. Whilst this process did not change a single one of our underlying principles, it was felt that it would be helpful if the supporting data and examples/explanations were significantly more detailed and expanded to ensure ease of comprehension by all employees.

This necessitated re-writing the bank of questions to be randomly selected by the web-based survey programme, and re-looking at the process of promulgating the revised code before our employees could undertake the survey.

The planned promulgation, awareness raising, training and testing of the CCoC rev 4. was thus postponed to Q1 2013.

CNCo also plans to enhance its auditing of its suppliers to ensure their compliance with the Supply Chain Sustainability SCoC in 2013.

CNCo takes all these behaviours and practices very seriously and requires both its employees and its contractors the highest ethical standards, as described in its Corporate Code of Conduct (“CCoC”).