The temptation and the problem
London 2012 corporate hospitality packages – on the face of it, fantastic, once-in-a-lifetime opportunities to create an impression and promote business. However, organisations and clients are not necessarily taking advantage of these opportunities and not just because of the hefty cost of tickets (the cost to attend the opening ceremony on 27 July is as high as £7,500 per person).
At a recent Business Ethics debate at the House of Lords, held by GoodCorporation, senior figures in some of the UK’s leading companies confirmed that when it comes to hospitality, Olympic tickets are the most likely to be turned down and the reason for this – the Bribery Act 2010 (the Act) which came into force little less than a year ago.
