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Gifts, Not Bribes: Seven Best Corporate Gifting Practices For The Holidays--Part One

Not too long ago, companies handing her several bottles of wine worth US$300 as a Christmas gift was not unusual for Brenda Bayer, CPA, CGMA. Less than five years ago, however, the company she has worked for in different roles the past decade rolled out a detailed and explicit corporate gifting policy.

Most companies, especially multinationals, have long had anti-bribery policies. Corporate gifting is not synonymous with bribery, of course. Still, corporate gifts should be carefully evaluated.

With the holidays approaching, businesses should consider implementing gifting policies regardless of company size. For those with a policy in place, this is the time to remind employees of best corporate gifting practices.

Expressing appreciation to customers can be fine, but you have to know that in today’s context, gifting is viewed with caution. Companies are challenged to appreciate customers without crossing boundaries.

Generally acceptable gifts include items of nominal value bearing the company logo, meals, and perishable gifts. Not acceptable are, for example, gifts to government officials, requests for charitable donations, and lavish gifts.

At North America, any gift valued at more than US$30 requires approval from a member of the executive team and documentation before it can be received or given.



Email: sales@SourceEC.com.my
Website: SourceEC.com.my


原文見: Gifts, Not Bribes: Seven Best Corporate Gifting Practices For The Holidays--Part One | SourceEC - Corporate Gifts Malaysia | Promotional Gifts | Door Gifts Blog
Gifts, Not Bribes: Seven Best Corporate Gifting Practices For The Holidays--Part One Reviewed by Unknown on 9:00 AM Rating: 5

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