GIFT POLICY
Established by [YOUR COMPANY NAME]
Date: [DATE]
1. PURPOSE
This policy outlines the appropriate procedures for the provision, acceptance, and disclosure of gifts within the organization. This policy is designed to ensure all employees and stakeholders of [YOUR COMPANY NAME] maintain the highest form of professional and ethical standards.
2. SCOPE
This policy applies to all employees and associates of [YOUR COMPANY NAME].
3. POLICY
A. Provision of Gifts
It is acceptable for employees to give business related gifts to clients, partners and other external stakeholders, provided that such gifts are modest, appropriate and in accordance with the generally accepted business practices.
B. Acceptance of Gifts
Employees of [YOUR COMPANY NAME] may accept gifts from clients or partners under certain circumstances. Gifts with a value above a certain threshold, specified in the employee handbook, must be reported to HR. Gifts that are excessive or could be seen as bribes or inducements are strictly forbidden.
C. Disclosure of Gifts
All gifts, of a specified value or higher, received by employees must be timely reported to their direct manager or HR department. Full detail of the gift including its estimated value, the provider of the gift and the date must be disclosed.
4. RESPONSIBILITIES
It is the responsibility of all employees to understand and adhere to this policy. Any violation of this policy may result in disciplinary action up to and including termination.
5. REVISIONS AND UPDATES
This policy will be reviewed annually, but may be revised at any time without notice. All changes will be communicated via official channels of [YOUR COMPANY NAME].
For queries and clarifications related to this Gift Policy, Please contact [YOUR COMPANY NAME] at [YOUR COMPANY EMAIL].
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