By Claire West
Speculation that Britain’s new Bribery laws threaten the future of corporate hospitality is largely misplaced, says GoodCorporation, a leading adviser in business ethics.
Entertaining clients can legitimately remain part of business life, but companies need to ensure that hospitality is proportionate and clearly designed to build on business relationships rather than influence decisions.
“In our experience, most businesses lack is a clear and simple decision-making process. Deciding on corporate hospitality should be straightforward” said Michael Littlechild director at GoodCorporation.
“A simple decision tree can be put in place which will make it clear whether hospitality can be offered for 95% of cases. There are always grey areas, but nothing like as complex as some commenters are suggesting.”
The GoodCorporation suggests thatone way of deciding whether an invitation is 'of significant personal value to the recipient' can be decided by judgment or by monetary limit.
A useful rule of thumb might to avoid hospitality that is valued at more than two hours' pay of the guest.