All Broker Related Articles

Company Gifts and Entertainment Policy Survey

Company Gifts and Entertainment Policy Survey

The Broker Club recently sent a survey to members in compliance roles asking about their company’s Gifts and Entertainment Policies. Question 1: What is your company's limit for declaration?

  • 75% of members answered £150
  • 25% of members answered £250
Question 2: What is your company's limit that requires Line Manager pre-approval?
  • 50% of members answered £150
  • 25% of members answered £50
  • 25% of members answered All
Question 3: What is your company's limit that requires compliance pre-approval?
  • 75% of members answered £150
  • 25% of members answered £250
Question 4: Does your company have a policy itemizing what is spent on gifts and what is spent on entertainment?
  • 75% of members answered Yes
  • 25% of members answered No
Question 5: Do you set limits (by number or by monetary value) per individual to give/receive?
  • 50% of members answered Yes
  • 50% of members answered No
Question 6: Do you set limits per entity? (Giving or receiving)
  • 50% of members answered Yes
  • 50% of members answered No
Question 7: If yes, are limits set per individual or across the firm?
  • 50% of members answered Per Individual
  • 50% of members answered Across the Firm
Question 8: What ratio of staff to clients do you require at any entertainment event?
  • 25% of members answered No Limit
  • 25% of members answered 50:50
  • 50% of members answered At Least 1:2
Question 9: Do you allow staff to entertain friends and family members of clients?
  • 100% of members answered No