Gift and Hospitality Issues - Part 3: What You Need to Know
video

Gift and Hospitality Issues - Part 3: What You Need to Know

Global Ethics University
Updated Jun 13, 2024

What you'll learn

  • Reduce compliance related issues, build understanding of ethics & compliance content, and support an ethical culture in the workplace.
  • Learn how to Follow the Proper Gift-Giving Guidelines in your Company's Policies and Practices
  • Identify your Company's Gift giving Policies and Practices
  • Know the Six Considerations in Accepting a Gift, Recognize Acceptable Gifts and Unacceptable Gifts
Course Description

Course Overview

Exchanging gifts and showing hospitality is a perfectly normal part of doing business. It plays an important role in developing strong business relationships. In this area an employee’s first obligation is to conduct himself or herself in a fair and impartial manner. This video covers the Six Considerations for giving and accepting gifts nominal value and gifts from suppliers.

The most important thing you can do is to clearly identify your company's gift giving policies and practices. Is there any dollar amount for acceptable gifts? What particular restrictions apply to what kind of employees? Keep in mind that with some companies and government agencies there is no allowable gift giving at all. You need to educate yourself on where the boundaries are. The practical application of this is concerned with the “what” and the “how” of the situation. You need to be armed with specific steps to identify and refuse a gift even if it doesn’t seem obvious. You also need to be able to apply ethical principles evenly to any situation or cultural practice.

 

Target Audience

 

All audiences

 

Business Outcomes

 

Reduce compliance-related issues build an understanding of ethics & compliance content and support an ethical culture in the workplace.

 

Duration

 

8 minutes