• Rules of the Marketplace

Rules of the Marketplace

There is no such thing as a free market. All marketplace activities are shaped by rules, within which businesses must operate. Some of these rules are formal, such as legislation, and others are less formal, taking the form of expected standards of behaviour and fair play.

The key issues surrounding the rules that govern the market, and the expectations on business behaviour, are outlined below.

For a proactive framework on how to manage these issues, see the Marketplace Responsibility Principles

Working with the rule makers

Businesses are increasingly expected to define positive policy goals, and to show transparency and accountability when seeking to influence legislative frameworks.

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Be consistent

Issues can arise in environments where key legislation and regulations are either missing or not enforced.

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