Fair Competition We do not cheat to compete.
THE GE WAY
• We believe in a free and competitive marketplace. We comply with antitrust and competition laws in all our activities.
• We must never enter into improper agreements with other companies to fix prices or terms to be offered to customers, allocate markets or customers, or manipulate the bidding process.
YOUR ROLE
• Do not propose or enter into any agreement or understanding with any competitor about any aspect of competition between GE and a competitor, including agreements on pricing, bidding, deal terms, wages or the allocation of markets or customers.
• Do not propose or enter into any agreement with any other party regarding whether or how to bid.
• Avoid contacts of any kind with competitors that could create the appearance of improper agreements or understandings. Actively disassociate yourself from any situations in which improper agreements or information sharing between competitors are raised, and promptly inform legal/compliance.
• Understand and follow your business’s specific guidelines about contacts with competitors, obtaining and handling competitive information, and participating in trade and professional associations.
HELP CORNER S&L Fair Competition Policy WIN WITH INTEGRITY / Fair Competition THE SPIRIT & THE LETTER | 11
• Do not provide, receive or exchange any competitively sensitive information with a competitor or its representative, whether in person, electronically or at an industry meeting.
• Do not enter into discussions or agreements with other companies not to hire or solicit each other’s employees, and do not discuss wages or benefits with other companies who compete for the same talent pool.
INTEGRITY IN ACTION
Q: I’m talking to a customer, and he is proposing to show me a competitor quote. What should I do? Can I discuss or accept copies of competitor quotes from the customer?
A: You need to politely decline the offer. Never accept documents marked as confidential or that you believe is confidential from a customer or any other source. If you do come into possession of a competitor’s confidential information, make sure to promptly contact legal/compliance, who will help you determine if disclosure to the owner of the information and/ or others is needed. Remember that time sensitive reporting requirements can exist.
POLICY SPOTLIGHT
Be careful in all interactions with competitors to avoid even the perception of an improper agreement. Unspoken or
implied agreements – simply the appearance of unfairness or deception – can give rise to reputational harm and legal
liability, including significant fines and even jail time.
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