This policy was adopted to provide the safeguards so that the custom of gift giving and receiving shall be handled in accordance with the company’s principles of integrity, accountability, fairness, and transparency; and to ensure that officers and employees practice equal treatment, unbiased professionalism, and non-discriminatory actions. Relatives are also covered by this policy.
While the custom of giving and receiving gifts has been part of normal course of business in enhancing good relationships, this custom can be open to abuse and may be used to influence the objectivity of the recipient and affect the proper performance of a task.