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BUSINESS COURTESIES & HOSPITALITY

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Giving or receiving a token of esteem is one way of fostering business relationships.  As a general rule of thumb, the gesture should be appropriate.  Appropriate would mean being void of:

  • an intent to corrupt; or

  • an improper solicitation for gratification.

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When providing or accepting business courtesies & hospitality, ensure that the gesture: 

  1. is permitted by the local law,

  2. has a nominal value,

  3. is given or received openly & transparently,

  4. is accurately recorded in the books, 

  5. is never in the form of cash, and

  6. is not carried out through an intermediary party to funnel a bribe.

Holding Golf Clubs

RECREATIONAL ACTIVITIES

Is your No. 1 Customer's golf membership fee a recurring expense in your books?

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