Gift and Hospitality Issues : What You Need to Know

The video tutorial discusses the importance of understanding and adhering to company gift-giving policies. It outlines six key considerations for accepting gifts, such as cost, frequency, and relationship. The tutorial differentiates between acceptable and unacceptable gifts, emphasizing the principle of nominal value. It also provides guidelines for handling gifts from suppliers and vendors to avoid conflicts of interest. Finally, it addresses the complexities of international gift-giving, highlighting the need to balance company standards with cultural practices while complying with international laws.

What is the principle of nominal value in relation to gifts?

How should gifts and hospitality from suppliers be approached?

What should you consider when giving or receiving gifts in an international business context?