The GBE Policy continues to apply, T&E policy does not alter any GBE policy. Please refer to Ann Wu (Legal counsel) @T: +86 (10) 6184 0430 Ann.Wu@nbcuni.com for more information in advance.
- Entertainment expenses are reimbursable only if they are directly related to Company business. This means that (1) business must actually be conducted either during the entertainment or immediately before or after and (2) there must be an expectation that the Company will derive a business benefit from the entertainment (other than the goodwill of the person or persons entertained). This does not mean that the Company is required to show that income or another business benefit actually resulted from each and every entertainment expenditure. Employees must avoid situations where it might appear that business entertainment is being offered in exchange for a particular business benefit, such as a contract for purchase of services or equipment. Rather, business entertainment events should be used as an opportunity to promote NBCUniversal's products and services and to learn more about the customer's, or prospective customers, business.
- Cash or a cash equivalent (gift card, vouchers etc.) are generally not permitted.
- Gift/Business Entertainment (GBE) to Government Officials - generally requires prior approval (Workflow & approval process refer to 3. NBCU China "Gift and Business Entertainment (GBE)".
- GBE to non-Government Officials requires prior approval ONLY if:
- Total accumulative gift value on an entity basis exceeds US$250 in a calendar year.
- Travel and accommodation for the event exceeds US$250 per person.
- If the invitation includes personal guest/family member, entertainment cost exceeds US$250 per personal in any given calendar year.
- Gift vs. Entertainment: representatives of the inviter must be present for an invitation to be considered an event. If representatives of the inviter will not be present then the invitation is considered to be a gift.
- “Government official” is broadly defined and includes, but is not limited to, employees of State-owned enterprises.