Approval of Gifts & Hospitality
Assess employee gifts, entertainment, travel and hospitality benefits
“The practice of giving and receiving gifts is so universal, it is part of what it means to be human. In virtually every culture, gifts and the events at which they are exchanged are a crucial part of the essential process of creating and maintaining social relationships.”
Regulatory authorities are requiring companies to implement processes that reduce the risk of corrupt gifts and benefits being given or accepted under the FCPA and UK Bribery Act. The Proxora Compliance Approval Tool can be used efficiently in both directions and includes an established workflow for controlling, assessing and monitoring the receipt and granting of benefits.