Bribery Allegations and Corporate Entertainment: A Report

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Added on  2023/01/06

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This report provides an analysis of bribery allegations in the context of hospitality and corporate entertainment, specifically focusing on the case of G Ltd. The report examines whether the hospitality services provided at an event constituted bribery, concluding that they did not. It discusses the importance of the hospitality business, its interactions with government agencies, and the potential for expanding corporate entertainment programs. The report outlines necessary steps to avoid future allegations, including updating anti-money laundering and anti-corruption policies, incorporating ABAC values, conducting due diligence, and being aware of red flags. Furthermore, it emphasizes the importance of ethical business practices and compliance with relevant laws and regulations. The report also includes references to academic research on bribery and its impact on business practices.
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HOSPITALITY
PROGRAM
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Table of Content
Introduction
Criminally liable for bribery
Expand its corporate entertainment program
Necessary steps to avoid future allegations of bribery
Conclusion
References
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Introduction
The presentation mainly defines the criminal allegation of the bribery in
context of Hospitality entertainment event in the context of G Ltd.
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Criminally liable for bribery
In the context of respective case of G Ltd, the hospitality services provided to
be the customer at Cheltenham event was not at all make a criminal liability
for bribery. As the G ltd was only doing the job for which the company have
been established and in future also the focus is to provide the same services in
any such event. The hospitality business is continuously subjected to local,
regional and national governments' review, permitting including licensing. The
hotel industry is, rather discretely, extremely diminished, if it is a waiver to
operate across existing public land in London, licences to expand in
conservation or meaningful context in Cusco, or a licence to manage a large
modern-use development in Manhattan. While certain companies such as G
Ltd behave as if they are not, most get almost daily communication with
policy agencies at all levels.
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Expand its corporate entertainment
program
As the company have not made any sort of criminally liable for bribery so
they can expand their entertainment program for the future period. If they are
up and going, both television and broadcasting organisations constantly have
users, listeners, fans, watchers, and anything else they are trying to even get.
This customers are involved as well as loyal members, and the company is
important to them. That being said, these are not enough, but they want to
learn on how to get off the own network in order to support original products,
episodes, or deals to interact with new audience members.
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Necessary steps to avoid future allegations
of bribery
In order to reduce the chances of such allegation of bribery for the company, it
has been recommended that company must follow these essential steps which
ease in operating any activity. The
Update G Ltd policy on anti - money laundering and anti-corruption
Should get 'top-right' sound
Incorporating ABAC values into organisational culture
Carrying out diligence from all 3rd parties
Beware of the red flags
Take special care with respect to foreign government officialsse are listed
below:
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CONCLUSION
In the last of presentation, it is stated that in business Anti-Bribery and
Corruption helps to established basic guidelines in advance by incorporating
ABAC provisions in all supply arrangements, along with acceptable highly
compensated for alleged infringements.
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REFERENCES
Faliszewski, P., Rothe, J. and Moulin, H., 2016. Control and Bribery in Voting.
Serra, D., 2012. Combining top-down and bottom-up accountability: evidence
from a bribery experiment. The journal of law, economics, &
organization, 28(3), pp.569-587.
Lee, S.H. and Weng, D.H., 2013. Does bribery in the home country promote
or dampen firm exports?. Strategic Management Journal, 34(12), pp.1472-
1487.
Nichols, P.M., 2012. The business case for complying with bribery laws. Am.
Bus. LJ, 49, p.325.
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