ICC Releases Guidelines on Gifts and Hospitality

gifts hospitalityNew anti-corruption guidelines from the International Chamber of Commerce will provide guidance to enterprises on business ethics related to gifts and hospitality. The ICC Guidelines on Gifts and Hospitality offer recommendations on how to establish and maintain a policy on this particular issue, based on the most recent international, regional and national rules, as well as on commercial best practice.

Companies can be solicited to make gifts or provide hospitality while conducting commercial activities, or may wish to do so at their own initiative. While such practices are not per se illegal, they can, in some cases, create a suspicion of impropriety or bribery.

Among other recommendations, the ICC Guidelines state that enterprises should establish a policy which limits gifts and hospitality to expenditures that are business-related, made transparently and recorded fairly and accurately in the company’s books. Such practices should also consider the culture and living standards in the country where the advantage is received. The guidelines will complement ICC’s suite of anti-corruption tools, which includes the Ethics and Compliance Training Handbook.

Through its global network, USCIB – ICC’s American affiliate – has also worked on anti-bribery issues through the Business and Industry Advisory Council (BIAC) to the OECD, including through BIAC’s Task Force on Bribery and Corruption.

Read more on the ICC website.

Staff contact: Shaun Donnelly

Staff Contact:   Eva Hampl

Senior Director, Investment, Trade and Financial Services
Tel: 202.682.0051

Eva Hampl coordinates USCIB work on investment and financial policy issues. She is responsible for issues management, policy development, secretariat support to relevant USCIB committees and participating in membership development activities. Before joining USCIB in 2014, Hampl completed a GE fellowship in its Global Government Affairs and Policy division. Prior to her fellowship she served as a trade associate with the U.S. Senate Committee on Finance.
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