Corporate Gifts

News & Analysis as of

Gifts, Meals and Then . . . FCPA Enforcement

Life can be very humbling. The SEC has definitely humbled me. For years now, I have been claiming that companies spend too much time worrying about gifts, meals and entertainment expenses under the FCPA, rather than...more

The Gift-Giving Season? Three “Game-Changing” Employment Developments Impacting Manufacturers

The approaching holidays may have put Congress, the National Labor Relations Board and the United States Supreme Court in the “gift-giving” mood. In the last week, three significant developments occurred which may radically...more

Yule Time Tips, Part III: Holiday Gifts Under Increasing Scrutiny

During the holidays, many of us like to show our appreciation to clients by sending gifts or entertaining them with special dinners or other fun and festive celebrations of the season. But be careful. Corporate gift policies...more

A Question of Ethics: The Year in Government Ethics

As long as there are governments, there will be government corruption. The temptations to abuse power are never going away, and neither is human frailty, which means government ethics will remain an important issue for, well,...more

Making a List, and Checking It Twice… Compliance Tips for Holiday Business Gifts

On November 17, the U.S. Securities and Exchange Commission (SEC) announced that it had sanctioned two former sales employees in the Dubai office of FLIR Systems Inc., a U.S.-based defense contractor, for violations of the...more

FCPA Compliance and Ethics Report-Episode 94-Internal Controls for Gifts, Travel and Entertainment in a FCPA Compliance Program,... [Video]

In this episode of the FCPA Compliance and Ethics Report I continue my visit with Henry Mixon on internal controls for gifts, travel and entertainment in a best practices FCPA compliance program. ...more

Your FCPA good housekeeping: safeguards, procedures and the spouse eye-roll test

FCPA awareness and enforcement has exploded since 2002, but one thing remains the same: the most vexing part of the statute for companies, in terms of day-to-day compliance, is the part covering gifts, meals, entertainment...more

Common Issues Related to the Sale of Gifted Stock

One of the more challenging aspects of managing a development office at a college or university is managing the sale of a gift of company stock. While there is no set criteria for determining when to accept such a gift, or...more

One person’s gift, another person’s bribe: The challenge of giving gifts in China, Part 1

It was the week before Chinese New Year. The financial year had ended weeks earlier and unpaid invoices had made a dent in the annual performance of the small family business. For months, the foreign husband, a co-owner of...more

FCPA Compliance and Ethics Report-Episode 53-Gifts, Travel and Entertainment Under the FCPA [Video]

In this episode I review gifts. travel and entertainment under the FCPA. ...more

BVI Business Company Records – What, Where and Why

A BVI Business Company (BC) has a separate legal personality from its members and over the course of its life the activities which it undertakes are recorded in documents that were created or entered into on its behalf. The...more

"Virginia Adopts New Gift Law"

On April 23, 2014, Virginia adopted Senate Bill 649 amending the state's ethics laws. Effective July 1, 2014, the amendments, among other things, impose a gift limit on certain government officers and employees from...more

Gifts, Travel And Entertainment Under The FCPA – Part III

Now that we have reviewed all of the public record pronouncements from the Department of Justice (DOJ) and Securities and Exchange Commission (SEC), this post will try and suggest what you might need in your Foreign Corrupt...more

FINRA Requests Comment on the Effectiveness and Efficiency of its Rules on Gifts and Gratuities and Non-Cash Compensation and its...

As part of an assessment of selected rules and related administrative processes, FINRA has issued Regulatory Notice14-15 and Regulatory Notice14-14 seeking public comment on the effectiveness and efficiency of its (a) Gifts...more

Executives: The Organization’s Gifts Policy Also Applies to You

Last week the Department of Justice formally charged ex-Virginia Governor Bob McDonnell and his wife with illegally soliciting and accepting lavish gifts and entertainment as well as loans from the (now former) CEO of Star...more

Business Gifts

Business courtesies are an important way to cement good working relationships between those who do business together. Inappropriate gifts can have negative consequences for your organization and business partner...more

Governor McAuliffe Signs Ethics Executive Order for Virginia

Virginia Governor Terry McAuliffe, on his first day in office, signed Executive Order 2 "Personnel Directive Prohibiting the Receipt of Certain Gifts; Establishment of Executive Branch Ethics Commission" which bans executive...more

Don’t Be a Grinch: A Holiday Gift Guide to Your Gifts and Entertainment Policy

Every year around the holidays the U.S. Office of Government Ethics republishes their holiday poem on gifts and entertainment as a reminder to all of us of what is acceptable and what is not. So as the year draws to a close,...more

Avoiding Mistletoe Mishaps, Part V: Are Holiday Gifts, Prizes, Or Parties Taxable Wages?

As 2013 comes to an end, we have been considering a number of workplace issues that employers might face at the end of the year and the beginning of the holiday season. Part five of our year-end holiday series reviews the...more

Venice, The US Navy And Red Flags

Today’s post comes from Venice where I am spending a week. It is one of the most unique and beautiful cities on earth. It was a great maritime power for over 1000 years. At the height of its power, it was the richest city on...more

A Bribe is a Bribe

Last week the SEC reported that Diebold, Inc. agreed to pay more than $48 million in fines and prejudgment interest to settle SEC civil charges and DOJ criminal charges that it had violated the Foreign Corrupt Practices Act....more

Honing a compliant gifts policy: the trends we are seeing today

As A Resource Guide to US FCPA* acknowledges, the FCPA does not have a minimum threshold amount for corrupt gifts or payments – which can include providing travel, meals or entertainment. The Guide further advises that gifts...more

The Global Anti-Corruption Perspective - October 2013

CHINA’S NEW WAVE OF REGULATORY ENFORCEMENT: WHAT MULTINATIONALS NEED TO KNOW - Since Xi Jiping became China’s leader this year, the PRC has seen the launch of an unprecedented, sweeping government campaign to tackle...more

Minnesota Political Law Guidelines Updated

Table of Contents: Lobbyist Registration; Lobbyist Report and Record Keeping; Corporate Political Activity; Gifts To Public Officials Prohibited; Issues In Communicating With Public Officials; Employment Law Issues;...more

Guidelines For Corporate Political Activity In Minnesota

In this publication: Lobbyist Registration - - Lobbying Defined. - Definition Of Lobbyist - Lobbyist Registration Lobbyist Report And Record Keeping - - Periodic Lobbyists Reports - Information...more

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