COMPETING GLOBALLY

Complying with competition laws
GS Group competes to best serve the customers’ needs and enhance shareholder value. In doing so, GS Group is subject to antitrust laws and regulations. In general, the laws and regulations prohibit agreements or actions that unreasonably restrain trade or reduce/hinder competition.

What does it mean for me?

DO

DON'T

  • comply with all applicable antitrust laws
    and regulations
  • review and understand GS Group and
    business-specific policies and procedures
  • consult with the company’s chief
    compliance officer to help reduce the
    risks of non-compliance or the company
    raising competition law issues
  • make contact of any kind with
    competitors, as it could give the
    appearance of an improper agreement
    or understanding
  • propose or enter into agreements on
    behalf of GS Group with any competitor
    regarding prices, bids, territories, terms
    of sales, production/sales capacity,
    cost and profit margins, market share,
    product or service offering, customer/
    supplier classification or distribution
    methods
  • propose or enter into agreements with
    anyone regarding a bid submission for no
    other purpose than to win the business
  • propose or enter into agreements
    with customers and/or suppliers that
    restrict the price or other terms at which
    the customer may resell or lease the
    product/service to a third party

Did you know?

Verde was the first tropical resort apartment in Jakarta

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