crimeliberal
How a Mistake Exposed a Norwegian Publishing Cartel
Oslo, NorwayFriday, November 8, 2024
So, how do we stop this from happening? It's all about making it less convenient. Think of it like putting a lock on the toy box so the kids can't easily agree to keep someone out. In businesses, this means having strong oversight and controls. Someone needs to be watching out for these kinds of deals.
Now, you might think, "Well, if they're doing something wrong, shouldn't someone catch them? " Yes, but detecting these crimes is tough. They're often hidden, like when the kids whisper their plan. In this case, it took an accidental email to blow the whistle.
To really stop cartels, we need to look at the top. Usually, the chief executive officer (CEO) is involved. So, the person in charge of making sure everything is fair (the corporate compliance officer) shouldn't report to the CEO. They should report to someone higher up, like the chairperson of the board or an external auditor. This way, there's a better chance of catching any sneaky deals.
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