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Corporate Gift Giving a Little Less Posh in Era of U.K. Bribery Act

Joe Mont | May 8, 2014

Corporate gifts have gotten a little less lavish in the wake of the U.K. Bribery Act.

Executives are less inclined to gift luxury baskets, cases of wine,  or expensive trips, and instead giving clients and prospects upscale pens and items marked with the company logo, according to a recent analyisis published on the International Meetings Review Website.

Darren Leigh, managing director of the U.K. promotional goods company Leighmans.com, told IMR that he believes the anti-bribery legislation that took effect in 2011 has had an impact on corporate gift-giving. Leigh said that his company has witnessed a 35 percent increase of the sales of pens that cost £20 or more during the last two years.

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