When an individual associated with NWTF or his/her family member accepts gifts, payments, services or anything else of more than a nominal value from a party with whom NWTF transacts or may transact business (including a supplier of goods or services) for the purposes of, or that may be perceived to be for the purposes of, influencing an act or decision of the Board or Committee member, this is unacceptable to the NWTF membership. However, as gifts, hospitality or other benefits are often exchanged in business circumstances, if on rare occasions, a gift, hospitality or other benefit is offered that:
- Is appropriate, a common expression of courtesy and within the normal standards of hospitality, but of nominal value (in most cases, a gift, hospitality or benefit under PHP 1,000.00 would be considered of nominal value);
- Does not cause suspicion about the objectivity and impartiality of the individual NWTF Trustee, Committee member, or employee; and
- Would not compromise the integrity of NWTF’s reputation or decision-making processes.
If there is any question as to the appropriateness of the gift, hospitality or benefit, the Board or Committee member should consult the Governance Committee.
NWTF Board, Committee members and employees must report any gifts, hospitality or benefit offered and or received as a result of their work or relationship with NWTF to the Governance Committee. The Governance Committee may recommend that such gift, hospitality, or benefit be held by NWTF, returned, declined or repaid.
Gifts, hospitality or benefits of nominal value or provided to an individual through their work at NWTF do not need to be reported.