What is an ethical handling of gifts and entertainment?

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Handling gifts and entertainment ethically centers on keeping decisions free from any real or perceived influence. The best approach is to avoid anything that could sway or appearance of swaying a decision; if a gift is allowed by policy, accept only nominal gifts and ensure they are transparent by recording and disclosing them. This means gifts should be low in value, not tied to a decision, and documented so others can see the exchange. If a gift could create a perception of impropriety, it should be disclosed to the appropriate authority and, if necessary, declined or returned. This helps protect independence, maintain trust, and align with governance and anti-bribery standards.