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:   Shaun Donnelly

Senior Adviser
Tel: 202.682.1221

Shaun Donnelly oversees USCIB’s work on foreign investment policy, treatment of multinational enterprises, financial services and anti-corruption. A career diplomat who has held several senior executive branch posts and joined USCIB in 2011, Donnelly leads business efforts to open markets abroad for American investment and financial services, and to promote high standards of protection for cross-border investment, both in the United States and overseas.
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