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According to the policy, what is the general principle regarding employees accepting gifts or hospitality from business partners?
According to the policy, what is the general principle regarding employees accepting gifts or hospitality from business partners?
- Employees can accept modest gifts and hospitality on occasion, as a legitimate contribution to good business relationships (correct)
- Employees are strictly forbidden from accepting any gifts or hospitality
- Employees are required to accept all gifts and hospitality from business partners as a contribution to good business relationships
- Employees are encouraged to accept gifts and hospitality from business partners
What is the purpose of the rules of behavior regarding gifts and hospitality for employees at NNPC Limited?
What is the purpose of the rules of behavior regarding gifts and hospitality for employees at NNPC Limited?
- To ensure that employees accept all gifts and hospitality offered by business partners
- To protect the reputation of NNPC Limited and its employees (correct)
- To allow employees to influence business decision-making processes through gifts and hospitality
- To encourage employees to solicit gifts and hospitality from business partners
What should NNPC Limited’s employees consider before accepting or offering a gift or hospitality?
What should NNPC Limited’s employees consider before accepting or offering a gift or hospitality?
- The financial value of the gift or hospitality
- Whether the gift or hospitality is a reward for a business transaction (correct)
- The frequency of the gift
- The relationship with the business partner
What is the recommended action if the answer to any of the consideration questions is 'yes'?
What is the recommended action if the answer to any of the consideration questions is 'yes'?
According to the NNPC Limited Code of Conduct, what is the maximum value of a gift that can be accepted without prior approval?
According to the NNPC Limited Code of Conduct, what is the maximum value of a gift that can be accepted without prior approval?
Under what circumstances can occasional invitations to events be accepted without prior approval?
Under what circumstances can occasional invitations to events be accepted without prior approval?
What type of gifts or hospitality requires management approval according to the NNPC Limited policy?
What type of gifts or hospitality requires management approval according to the NNPC Limited policy?
In which scenario can special occasions justify more valuable presents or entertainment according to the NNPC Limited policy?
In which scenario can special occasions justify more valuable presents or entertainment according to the NNPC Limited policy?
What is prohibited according to the NNPC Limited Code of Conduct in relation to gifts and hospitality?
What is prohibited according to the NNPC Limited Code of Conduct in relation to gifts and hospitality?
What is the maximum value for gifts and hospitality that should be reported to the relevant regulatory and compliance unit?
What is the maximum value for gifts and hospitality that should be reported to the relevant regulatory and compliance unit?
In what manner should all accepted gifts be treated according to the NNPC Limited policy?
In what manner should all accepted gifts be treated according to the NNPC Limited policy?
What should be done if there is doubt about whether a gift is reasonable to give or accept according to NNPC Limited’s core values?
What should be done if there is doubt about whether a gift is reasonable to give or accept according to NNPC Limited’s core values?
What should be done if an offer exceeds the value allowed by the policy according to NNPC Limited’s Code of Conduct?
What should be done if an offer exceeds the value allowed by the policy according to NNPC Limited’s Code of Conduct?
What is emphasized in relation to giving and receiving gifts and hospitality according to NNPC Limited’s Code of Conduct?
What is emphasized in relation to giving and receiving gifts and hospitality according to NNPC Limited’s Code of Conduct?
What aspect should employees consider when deciding what gifts are reasonable to give or accept according to NNPC Limited’s Code of Conduct?
What aspect should employees consider when deciding what gifts are reasonable to give or accept according to NNPC Limited’s Code of Conduct?
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