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Get the free Gifts, Hospitality and Related Benefits Policy

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This policy outlines the guidelines and procedures for managing the giving and receiving of gifts and hospitality within TNB Energy Services Sdn Bhd, aimed at preventing bribery and maintaining integrity in business activities. It specifies the rules regarding corporate and personal gifts, hospitality allowances, and charitable donations, ensuring compliance with legal and ethical standards.
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01
Identify the purpose of the gift or hospitality.
02
Determine the budget for the gift or hospitality.
03
Select an appropriate gift that aligns with the occasion and recipient's preferences.
04
Ensure the gift complies with any relevant policies and regulations.
05
Document the details of the gift, including the recipient's name, the date given, and the value.
06
Submit the documentation as per the required reporting process.

Who needs gifts hospitality and related?

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Employees who want to build relationships with clients.
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Individuals involved in networking events.
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Organizations that wish to show appreciation towards partners or stakeholders.
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Gifts hospitality and related refers to the practice of providing or receiving benefits such as gifts, meals, or entertainment in a business context, which may need to be disclosed or reported according to specific regulations.
Individuals or organizations that engage in providing or receiving gifts, hospitality, or related benefits that fall under regulatory guidelines are required to file.
To fill out gifts hospitality and related forms, gather all pertinent information regarding the gifts or hospitality received or given, including dates, amounts, and purpose, and complete the required form as per the regulatory body’s guidelines.
The purpose is to promote transparency and prevent conflicts of interest by disclosing benefits that could influence business decisions or demonstrate bias.
The report must include the date of the gift, description, estimated value, the identity of the giver/recipient, and the purpose of the gift or hospitality.
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