Eliminate Reputational Risks to Southland: Gifts and Entertainment
Foundational to Southland’s business model is the pride we place in our external partner relationships as it drives our growth. Protecting the integrity of those relationships is not only fundamental — it is our duty as stewards of the company. While most companies embrace the “do no harm” guardrail when it comes to protecting reputational interests, at Southland, we aim higher. We intend to preserve Southland’s legacy and leave it in an even enhanced state for future leaders of the company.
While general marketing expenditures are common in any relationship-driven industry, every employee must use good judgment regarding expenses or gifts that could be perceived by an outsider as having the potential to impact your ability to make impartial and honest business decisions.
Southland’s golden rule on gifts and entertainment -- if it’s lavish or extravagant, it does not align with our core values. Any uncertainty should be guided by the threshold: Does this business expense or gift seem reasonable and ordinary in the course of our business? The question is not only whether you believe the expense or gift is proper, but whether someone else might consider the expense questionable.
For public sector clients, meals, entertainment, or gifts are strictly prohibited. For private-sector clients and prospective clients:
- For any single outing or event, no employee may give or receive more than $500 in value per person without advance approvals.
- If the cost or value exceeds $500 per person, per event, two (2) approvals are required from both Division Leader and Regional President.
- If the value exceeds $1,000 per person, per event, or involves overnight lodging, two (2) approvals are required from both the Regional President and Chief Financial Officer Tony.Wang@southlandind.com
For any subcontractor, supplier, vendor, consultant, or other downstream business partner:
- No employee can accept or provide more than $500 in value per person annually, without advance written approval from a supervisor.
- If the value to be expended on one person exceeds $1,000 annually, or involves overnight lodging, two (2) approvals are required from both the Regional President and Chief Financial Officer Tony.Wang@southlandind.com
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