By Adam Turteltaub
Few issues are more complex or more open to small things turning in to very big problems than gifts and entertainment policies. Even the seemingly smallest gift to a government official can open up a very large can of words.
To bring perspective on this compliance challenges, we spoke with Meredith McMonigal U.S. Gifts & Conflicts of Interest Officer at the engineering firm WSP. Meredith had recently been involved in a comprehensive review of the WSP gifts and entertainment policy.
Listen in on this podcast as she discusses:
- The importance of coordinating gifts and entertainment policies both globally and locally
- Managing differences between working with the private and public sectors
- The importance of starting with the global policy and ensuring consistency
- Ensuring that the policy will work operationally
- Viewing the policy as a work in progress so that it can evolve to meet unanticipated situations
- Using employee training to both share the policy and to learn about issues that you may not have considered
- Being mindful of client gift and entertainment policies, as well as for conflicts of interests
- The value of having a gift registry
- Using the registry to automate compliance auditing and monitoring