Criterion: Fair Business, Advertising and Competition
Requirements for fair business, advertising, and competition practices
Full Description
D4. Fair Business, Advertising and Competition
Code 7.0
Standards of fair business, advertising and competition are to be upheld.
Elements to Demonstrate Compliance to RBA Code
1. Policy
D5.1 No identified risk or evidence of non-conformance with fair business, advertising and competition standards.
Have an adequate and effective policy and procedures ensuring fair business, advertising and competition standards are upheld, including:
- a. Safeguards are in place to prevent collusion with other companies on product pricing or other factors that could reduce competition.
- b. Monitoring procedures related to fair business, advertising and competition are in place.
2. Audit Method
- Record Review: The detail of the prohibition of collusion / fair business policy.
- Management Interview: The detail and content of the prohibition of collusion / fair business policy.
- Worker Interview: Not applicable.
- Site Observations: Not applicable.
3. Rating
| Priority | Major | Minor |
|---|---|---|
| Not Applicable | No detailed and understandable policy and procedures implemented | Partial policy or procedures or implementation |
Profiles using this criterion
RBA Assessment Program
- VAP Full Assessment | 7.0.0
Conformity Alignment
Priority
Pass: No
Definition: "Critical non-conformance requiring immediate action"
Remediation: 30 days
Major
Pass: No
Definition: "Significant non-conformance requiring corrective action"
Remediation: 90 days
Minor
Pass: Yes
Definition: "Non-conformance with limited impact"
Conditions: Corrective action plan required
Remediation: 180 days
Opportunity
Pass: Yes
Definition: "Opportunity for improvement identified"
Conformance
Pass: Yes
Definition: "Full conformance with criterion requirements"
Related Criterion
VAP: Business Integrity and No Improper Advantage
Relationship: Related
Business integrity and ethical conduct
VAP: Disclosure of Information
Relationship: Related
Accurate public statements and disclosure
VAP: Ethics Management System
Relationship: Parent
Management system for ethics practices
Change Log
1.0.0 (2021-01-01)
Changed
- Initial historical baseline — Fair Business, Advertising and Competition (RBA Code of Conduct 7.0, provision D5): Earliest imported version of the criterion (published as provision D5 in VAP 7.0.0). Conformance rested on an adequate and effective policy and procedures ensuring fair business, advertising, and competition standards are upheld, including safeguards to prevent collusion with other companies on product pricing or other factors that could reduce competition, and monitoring procedures. Rated purely on documentary policy completeness (Major = 'No detailed and understandable policy and procedures implemented'; Minor = 'Partial policy or procedures or implementation'; Priority = Not Applicable).