Date Added: May 2010
Managing the offering and receiving of corporate gifts, entertainment and travel has become increasingly important in today's environment of increasing regulatory oversight. Gifts given with the best of intention can be wrongly perceived and lead to millions of dollars in government fines, as well as loss of potential business. This white paper examines the complexities that companies need to understand when dealing with corporate gifts and entertainment, including the effect of globalization, the realities of the modern workplace, as well as the rapidly evolving regulatory landscape. It discusses the importance of setting up and maintaining a gifts and entertainment policy for an organization, as well as examines how technology can play an integral role in helping organizations minimize risk in this area.