Week 4 Discussion Forum – Gifts and conflicts of interest

What is the main advantage and disadvantage of dealing with gifts and conflicts of interest by prohibiting the acceptance of gifts?

Create a hypothetical third-party obligation involving an employee of a major company. Explain how you developed the obligation.

Related: (Solution) Week 5 Discussion Forum – When managers fire employees

Solution

Main Advantage: Prohibiting the acceptance of gifts is a simple and straightforward method for dealing with potential conflicts of interest. It creates a clear and unambiguous rule, leaving no room for interpretation. This removes any potential gray areas that might arise when trying to determine whether a gift is acceptable or if it crosses the line into a bribe. This policy helps maintain a strong ethical standard within an organization and reduces the risk of legal issues related to bribery or corruption.

Main Disadvantage: A complete ban on gifts can be perceived as…Please click on the Icon below to purchase the FULL ANSWER at only $10 $5

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