Corporate gifts are a staple for a huge number of firms in the UK – particularly as a way of saying thank you to business partners, customers and clients during the festive season.
But the Bribery Act 2010, which comes into force next April, will compel many firms to reassess their corporate gift policies.
Edwin Harland, director in PricewaterhouseCooper's forensic services practice, said: “Employees need to be made aware exactly what the rules are in this area.”
He added that all gifts need to be reasonable and proportionate if companies are to avoid falling foul of the 2010 Act.
Fortunately, Fresh Business Thinking has compiled a list of what corporate gifts are likely to be safe choices as future Christmas stocking fillers.
While cases of champagne and overseas hospitality packages will be frowned upon by regulators in the coming year, the website claims that branded calendars, mousemats and promotional pens will all be fine.
1 “Corporate Christmas gifts could come under tighter scrutiny thanks to new law“. Fresh Business Thinking, Tuesday December 21st 2010.