Gifts And Hospitality Policy (Bribery Act 2010)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💼 Gift and hospitality policyBusiness activity
Gift and hospitality policyA gift and hospitality policy covers the giving and receiving of gifts and hospitality by employees of an organization. The policy sets out the procedures for employees to follow when giving or receiving gifts, and sets out the organization's stance on gifts and hospitality.
The document emphasizes the importance of maintaining a transparent and ethical business environment while providing a clear definition of gifts and hospitality. It offers guidance on what is considered acceptable and appropriate within the legal framework of the Bribery Act, taking into account the potential reputational risks associated with improper conduct.
The template highlights the organization's commitment to conducting business ethically and transparently, promoting fair competition, and deterring any form of corruption. It outlines the responsibilities of employees, managers, and all other personnel within the company regarding gifts, corporate hospitality, and relationships with third parties.
The policy template provides practical guidance on the proper handling and reporting of gifts and hospitality, including a threshold for acceptable gifts and the process for obtaining approval where necessary. It encourages employees to exercise caution and good judgment when offering or accepting gifts and hospitality, taking into account the applicable legal and ethical considerations.
By adopting this template, companies can create a robust Gifts And Hospitality Policy that aligns with the requirements of the Bribery Act of 2010 and reduces the risk of potential legal and reputational consequences. It serves as a useful tool for organizations to proactively address the challenges and complexities of managing gifts and hospitality, promoting a culture of integrity and ethical business practices.
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