Business Pitch Dictionary by pitch.dog
Regulatory, ethics & conduct compliance · Core

Gifts and hospitality

Also called: business courtesies

ELI5

Benefits offered or received that may create influence, appearance or compliance risk.

Used in conversation

“Can we state who receives the right created by gifts and hospitality, and when it applies?”

Pitch context

You will see “Gifts and hospitality” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches regulatory, ethics & conduct compliance.

Why it matters: In regulatory, ethics & conduct compliance, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 3

Direct term-level sources and supporting source families.