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Technical note
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Reference no. 708-014-6
Authors: Juan M Elegido
Published by: Lagos Business School
Published in: 2008
Length: 3 pages
Data source: Generalised experience

Abstract

This note develops practical criteria for action in relation to accepting gifts from people with whom one has professional relations. The note uses a number of scenarios to convey a sense of the wide variety of situations that arise in business life, especially in developing countries in relation to this issue. The ethical problems that arise are addressed in the context of the principles relating to conflicts of interest and fiduciary relationships.

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Abstract

This note develops practical criteria for action in relation to accepting gifts from people with whom one has professional relations. The note uses a number of scenarios to convey a sense of the wide variety of situations that arise in business life, especially in developing countries in relation to this issue. The ethical problems that arise are addressed in the context of the principles relating to conflicts of interest and fiduciary relationships.

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