Corporate Hospitality brings in the Bribery Act

The video discusses the role of corporate hospitality in business relations and the implications of the new Bribery Act. It explains how the Act defines bribery and the legal consequences for individuals and companies. The video provides guidelines for acceptable corporate hospitality, emphasizing the importance of proportionality to business needs. It highlights the potential impact on business relationships and focuses on the legislation's effect on large UK companies, especially those operating in countries where bribery is common.

What is the primary concern of the business community regarding the new Bribery Act?

• The duration of corporate events

• The cost of corporate hospitality

• The legality of certain hospitality practices

• The definition of corporate hospitality

According to the Bribery Act, what constitutes bribery?

• Providing a financial or other advantage to encourage improper performance

• Hosting a business meeting at a restaurant

• Offering a financial advantage to perform duties properly

• Giving gifts to clients during holidays

What does the government suggest companies use when considering corporate hospitality?

• Legal advice

• Common sense

• Public opinion

• Financial consultants

What is a key factor in determining if corporate hospitality is acceptable?

• The number of attendees

• Proportionality to the business relationship

• The location of the event

• The type of sport involved

Who is the new legislation primarily aimed at?

• Small local businesses

• Large UK companies operating internationally

• Non-profit organizations

• Start-up companies