http://www.ethisphere.com/more-examples-of-prix-fixe-in-french-competition-mobile-phone-cos-fined-631-million/ Essential reading for Directors, CEOs and General Counsel who see opportunity in ethical leadership Wed, 08 Feb 2012 20:26:08 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.ethisphere.com/more-examples-of-prix-fixe-in-french-competition-mobile-phone-cos-fined-631-million/comment-page-1/#comment-85 Spooner Wed, 25 Jul 2007 22:52:12 +0000 http://ethisphere.com/more-examples-of-prix-fixe-in-french-competition-mobile-phone-cos-fined-631-million/#comment-85 It brings up an interesting point about the importance of appearances and the dangers of industry benchmarking which is often done by companies surveying their nearest competitors. Not only 'signalling' behavior as a soft form of collusion can be done under the guise of information exchange, but also some bona-fide benchmarking may not appear so innocent to regulators. It underscores the importance of training staff on do's and dont's of industry benchmarking or, better still, outsourcing the benchmarking to an independent third party. It brings up an interesting point about the importance of appearances and the dangers of industry benchmarking which is often done by companies surveying their nearest competitors. Not only ‘signalling’ behavior as a soft form of collusion can be done under the guise of information exchange, but also some bona-fide benchmarking may not appear so innocent to regulators. It underscores the importance of training staff on do’s and dont’s of industry benchmarking or, better still, outsourcing the benchmarking to an independent third party.

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