While the majority of companies these days have ethics policies on giving and receiving gifts, many senior financial executives believe their leaders dont necessarily follow those policies, according to a new poll.
The survey, by UHY Advisors, found that 56 percent of the 55 senior financial executives polled said their companies have a well-defined policy of gift giving and receiving. However, 29 percent said their companies either didnt have a policy or they didnt know whether they had a policy.
When asked if a gift from a vendor would influence them, 15 percent said a gift from a vendor would influence them regardless of its size, 13 percent said a gift from a vendor would only influence them if it were sizable, and 60 percent said gifts from vendors wouldnt influence them one way or another.
When asked if they believe the corporate leaders follow their companys gift policies, only 42 percent said they believe the leaders of their companies follow their corporate gift policies, while 24 percent said the leaders of their companies follow their corporate gift policies depending on the situation.
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