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Gifts and Entertainment Policy
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What is a Gifts and Entertainment Policy?
The Gifts and Entertainment Policy sets out general principles under which gifts or hospitality may be accepted.
The policy helps to provide guidelines to staff and help ensure the integrity of the Company is maintained.
Why is a Gifts and Entertainment Policy important?
UK legislation on bribery applies to all Staff. Under the Bribery Act 2010, it is an offence for any Staff to offer, promise or give a bribe to another person, or to request, agree to receive or accept a bribe from another person, and individuals may be subject to prosecution.
A clear Gifts and Entertainment policy can help ensure staff are aware of the sort of behaviour that is expected from them and therefore avoid situations in which staff have acted inappropriately, unethically, or without integrity.
The Gifts and Entertainment Policy is also an effective way of demonstrating your Company’s commitment to acting with integrity. This can in turn enhance a business’s reputation and business prospects.
Gifts and Entertainment Policy Sections
Appropriate gifts
Entertainment with clients and suppliers
Politically Exposed Persons (“PEPs”)
Policy governance, compliance and implementation
Gifts and Entertainment Policy Related
Related terms: Gifts Policy, Entertainment Policy, Gifts and Entertainment Compliance, Entertainment Gifts, Politically Exposed Persons
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