Originally issued in March 1998; latest revision March 2006
This factsheet gives introductory guidance. It:
* considers the implications and ethics of gift-giving
* outlines the law covering this area of business
* looks at setting up and implementing a business gifts and hospitality policy.
The gift and hospitality scene
Corporate gifts are commonplace, with organisations offering promotional packages and hospitality as a reward for their support and level of business. The practice of gift giving is widespread, although more prevalent and ‘acceptable’ in some industries than others. Christmas is the main season for items such as bottles of wine and spirits, boxes of chocolates, diaries, calculators, even briefcases to land on the desks of employees. There is no secrecy or deception involved and the gifts are given in order to consolidate a business relationship.
See full Press Release.
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