Fair competition

In this chapter:

Policy and program

The Competition Law Compliance Policy outlines the principles of behavior in relation to competitors, distributors, customers and suppliers, both regarding the Volvo Group’s employees and the company. All employees who are in contact with the Volvo Group’s competitors are expected to be familiar with the policy and to apply it.

The Group’s Competition Law Compliance Program includes detailed guidance, handbooks and related tools which aim at supporting all employees and at preventing the Volvo Group from participating in activities that are contrary to competition law. The purpose is to provide the employees with an overall understanding of what is acceptable and what is not, which has the added advantage of promoting free and open competition in the markets where the Group is present.

All employees who are in contact with the Volvo Group’s competitors are expected to be familiar with the policy and to apply it.

The Chief Compliance Officer, under the supervision of the General Counsel of AB Volvo, supports the Volvo Group management on competition law compliance issues as well as other compliance related matters. The divisions and business areas are responsible for their compliance with competition law as well as with the program. The respective division or business area General Counsels are responsible for counseling on competition law issues and for the program activities within their respective division or business area.