Enhancing the proficiency and stature of the profession by acquiring and maintaining current technical knowledge. Any personal interest which may impinge or might reasonably be deemed by others to impinge on a member's impartiality in any matter relevant to their duties should be declared to their employer. While considering the advantages to the member's employer of maintaining a continuing relationship with a supplier, any arrangement which might, in the long term, prevent the effective operation of fair competition, should be avoided. To preserve the image and integrity of both the member and the employer, business gifts should be discouraged. Gifts, other than items of very small intrinsic value should not be accepted.
Moderate hospitality is an accepted courtesy of a business relationship.
However, the recipients should not allow themselves to reach a position whereby they might be or might be deemed by others to have been influenced in making a business decision as a consequence of accepting such hospitality. The frequency and scale of hospitality accepted should not be significantly greater than a recipient's employer, through the recipient's expense account, would be likely to provide in return. When in doubt of what is acceptable in terms of gifts and hospitality, the offer should be declined or advice sought from the member's superior. International Federation of Purchasing and Materials Management.