Regarding the decision by JK to disclose that there had been a price fixing agreement, it appears that the directors are attempting to justify the company's initial lack of dsclosure, the argument that disclosure is now "in the public interest" appears to be focused on Kohlberg stage 3.1. In other words, disclosure was expected by society and therefore disclosure was made. This reasoning obviously ignores the initial issue of collusion and lack of disclosure. The disclosure could therefore simply be stated as being at level 2.1; disclosure would be expected by their customers.
