CORPORATE GIFTS: ACCEPTABLE PRACTICE VS CORRUPTION
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GUEST – Cynthia Schoeman is the founder and MD of Ethics Monitor
The giving and receiving of gifts is especially prevalent at this time of the year. This not only highlights the question of what is and is not acceptable and ethical, but also increases the potential for abuse.
In response to the possible negative aspects of gifts, many organisations adopt a no gift policy. Some companies that offer public services go as far as to issue press statements to remind the public that it is against company policy for their staff to accept gifts. Many other organisations accept that occasional gifts shared between people with whom the company does business is not unusual, but rather a part of normal social exchange.
The giving and receiving of gifts is especially prevalent at this time of the year. This not only highlights the question of what is and is not acceptable and ethical, but also increases the potential for abuse.
In response to the possible negative aspects of gifts, many organisations adopt a no gift policy. Some companies that offer public services go as far as to issue press statements to remind the public that it is against company policy for their staff to accept gifts. Many other organisations accept that occasional gifts shared between people with whom the company does business is not unusual, but rather a part of normal social exchange.
