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Starting a Business

Why is it wrong to accept gifts from vendors?

What are the legal and moral implications of accepting gifts from vendors? Are there any human resource policies that affect this kind of activity?
Opinions expressed by Entrepreneur contributors are their own.
Part of the problem with accepting gifts from vendors is that it can hamper your objectivity when either making purchasing decisions for your company or recommending products or services to clients. It's important to be as objective about the decision as possible. Particularly if you are an employee of a company, you have an obligation to consider the company's interests first and buy products and services without being biased or considering your own interests. Larger companies have strict human resource policies about what is considered a gift and what dollar value of gift needs to be reported to the company. There are certain industries, such as health care, where the giving (and receiving) of gifts raises serious implications such as the propriety of medical treatments given to patients and where gift-giving starts to look a little too much like bribery.

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