We Set the Standard
- Avoid the perception that favorable treatment is being sought, received or given in exchange for business courtesies.
- Ensure that the offer or receipt of any gift or business courtesy is permitted by law and consistent with reasonable marketplace customs.
- Verify that the rules of the recipient's organization are not violated by a gift.
- Do not offer, give, solicit or receive any form of bribe or . These are criminal acts under the laws of many countries including the U.S.
Why We Do It
- We compete on the merits of our products and services and do not use the exchange of business courtesies to gain an unfair competitive advantage.
- When people exchange gifts or business courtesies it can create the perception that favors were granted in order to influence business judgment.
The term business courtesy is intentionally broad and includes any item that has monetary value for which fair market value is not paid by the recipient.
- Recognize that complex rules and limits apply when dealing with U.S. and other government personnel, including members of the military.
- There are specific guidelines that apply in each country where we do business.
- There are different rules for employees who work in Supply Chain Management or are involved in the process of directing business or funds to our business relations.
- The fair market value limits are different based on an individual or employee role.
- Some gift limit rules are calculated within a calendar year and others depend on the fair market value of the courtesy being offered or received.
Consult policy and obtain guidance if you are uncertain if an action is inappropriate or within the allowable limits.