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Document Type: POLICYProcedure / Title: GIFTS, HOSPITALITY AND RELATED BENEFITS Document owner: Legal & RegulatoryDocument Number: BSP/LRD/POL/00143/V000 Revision: Date published:1 02 Nov 2023ALLO
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01
Determine the purpose of the gift or hospitality.
02
Check your organization's policies and guidelines on gift giving and receiving.
03
Ensure that the gift or hospitality is appropriate and complies with any legal or ethical regulations.
04
Keep records of all gifts given and received.
05
Be transparent about any gifts or hospitality offered or received.
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Remember to consider cultural differences and norms when giving or receiving gifts.

Who needs gifts hospitality and related?

01
Individuals or organizations who want to build relationships or show appreciation to others.
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Companies or businesses looking to incentivize clients or employees.
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Government officials or employees who need to be aware of regulations regarding gifts and hospitality.
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Gifts, hospitality, and related refer to any items, services, or experiences given to individuals, often in a business context, which could influence decision-making or create a sense of obligation.
Individuals who hold certain positions within organizations, particularly those in government or public service, are often required to report gifts, hospitality, and related items received.
To fill out gifts hospitality and related forms, one must provide details such as the nature of the gift or hospitality, the date received, the estimated value, and the identity of the giver.
The purpose of gifts hospitality and related reporting is to ensure transparency and avoid conflicts of interest by monitoring potential influences on decision-making.
The information that must be reported typically includes the name of the donor, a description of the gift or hospitality, its value, and the date it was received.
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