A Conversation for Ask h2g2
'Mates Rates'
Just Bob aka Robert Thompson, plugging my film blog cinemainferno-blog.blogspot.co.uk Started conversation Feb 6, 2019
I've been wondering erecently about 'mates rates'. I work in a lowly role within a multinational law firm, and as a result have been given compulsory training regarding corruption, money laundering and so on. One thing this covered was that granting or requesting of favours of various kinds can often fall under legislation designed to combat unethical business practices. Some of these carry very harsh penalties, including lengthy prison sentences.
The thing is, although I have never been anywhere near a position with the authority to do so, I have always liked the *idea* of being able to help out a pal with the products or services of a company where I am so authorized, as long as I am confident that the company could take the reduction in profit margin.
So, where do you stand? Is there a place for discretionary pricing on the part of, say, a company's owner, purely on the grounds of friendship? Or is it just too much of a minefield, and best avoided in all circumstances?
'Mates Rates'
paulh, vaccinated against the Omigod Variant Posted Feb 6, 2019
The bigger the company, the less confident I would be. If you have a one-person business, you probably could do it, as long as you aren't giving special rates to politicians. That might smack of trying to influence legislation.
'Mates Rates'
Bluebottle Posted Feb 6, 2019
I wonder if you could give your mates have a loyalty card that gives them, say, 10% off and have the loyalty scheme open to others (but not necessarily advertise it widely)? Lots of companies have discount cards if you know how to get them.
Or could you say you are conducting market research to determine whether those who are given a discount on goods or services become regular loyal customers who spend more long term?
<BB<
'Mates Rates'
Orcus Posted Feb 6, 2019
I thought until recently that this was restricted to public institutions such as wot I work in. If you have a visitor these days we cannot buy them a pint without accompanying food otherwise it’s classed as ‘bribery’
However I have recently discovered from my brother who works for British Aerospace that they can’t even buy their clients a coffee these days. Ironically- this has improved the quality of coffee they have now as a consequence is that the office workers there have all bought themselves an espresso machine
I’ve got to admit I used to disapprove a bit of the old company jolly at Twickers or whatever (probably mostly as being at a Uni I never got invited to such parties ) but they seem to have swung the pendulum a bit too far. I bet Deloitte - Touche et al still manage corporate jollies nevertheless.
'Mates Rates'
Baron Grim Posted Feb 6, 2019
As a government contractor, we're given yearly ethics training and there is a specific law that limits "gifts", including meals, between contract employees and federal workers. It mainly prohibits gifts given in expectation of contract awards or favorable treatment and there are explicit exemptions: $20 or less, $50 in aggregate from one source per calendar year, pre-existing relationships, "modest refreshments" but not as part of a "meal".
http://www.nolo.com/legal-encyclopedia/restrictions-gifts-federal-employees-46809.html
'Mates Rates'
Bluebottle Posted Feb 6, 2019
Our regulations here state that under the 2010 Bribery Act if we are given a , entertainment or hospitality worth in excess of £50 given, received or offered it must be appropriately declared. Not that I've been given a worth in excess £5. The office did chip in and get me a mug for my birthday a few years ago, though.
<BB<
'Mates Rates'
paulh, vaccinated against the Omigod Variant Posted Feb 6, 2019
"As a government contractor, we're given yearly ethics training and there is a specific law that limits "gifts"[Barion Grim]
I had to go through the ethics training, too, as I worked for a town government. I wasn't sure what special treatment I could give anyone, though, as almost everything a public library offers is free anyway.
'Mates Rates'
Baron Grim Posted Feb 6, 2019
Well, if any of y'all happen to go to space and shoot rolls and rolls of medium or large format film, I'll be happy to make you a deal on extremely high res scans.
'Mates Rates'
Sho - employed again! Posted Feb 6, 2019
I used to be in charge of compliance at my old job and this kind of thing is really strictly controlled these days in a very thorough way.
I actually loved doing that.
'Mates Rates'
Baron Grim Posted Feb 6, 2019
Notice how strictly federal workers and contractors are limited in gifting.
Now compare that to politicians, especially those in the current US administration and legislature.
AHEM! (Trump Tower) AHEM!
COUGH! (Emoluments) COUGH!
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'Mates Rates'
- 1: Just Bob aka Robert Thompson, plugging my film blog cinemainferno-blog.blogspot.co.uk (Feb 6, 2019)
- 2: paulh, vaccinated against the Omigod Variant (Feb 6, 2019)
- 3: bobstafford (Feb 6, 2019)
- 4: Bluebottle (Feb 6, 2019)
- 5: Orcus (Feb 6, 2019)
- 6: Baron Grim (Feb 6, 2019)
- 7: Bluebottle (Feb 6, 2019)
- 8: paulh, vaccinated against the Omigod Variant (Feb 6, 2019)
- 9: Baron Grim (Feb 6, 2019)
- 10: Sho - employed again! (Feb 6, 2019)
- 11: Baron Grim (Feb 6, 2019)
- 12: paulh, vaccinated against the Omigod Variant (Feb 6, 2019)
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