Selling Prices Policy
This policy applies to
All Employees in Vodafone subsidiaries and Joint Ventures with an interest of 50% or more.
Policy objectives
- To ensure that pricing is properly calculated and is formally authorised and controlled in order to prevent the Group from any financial or reputational damage.
The policy
It is the policy of the Board of Vodafone Group Plc, that local company’s CEO establish a procedure for calculating selling prices of products and shall nominate the persons within that company responsible for the making of those calculations. Calculations of selling prices of products shall be subjected to a process of internal check.
The Local Company Chief Executive Officer of each company shall ensure that quoted prices are determined logically rather than arbitrarily and shall nominate persons within that company who may take responsibility for deciding the price to be quoted. Any calculations within the quotation, whether revealed to the customer or not, shall be subjected to a process of internal check.