Social Appropriateness

Fraport AG’s rules on gift-giving are based on the principle of social appropriateness. Gifts that are made in accordance with socially recognized customs or business practices (such as gifts on the occasion of an anniversary with the firm or a birthday), or as a courtesy (providing a reasonable amount of food and drink during a business visit or while driving someone to a construction site, etc.) or that are recognized as “unwritten law,” can be given and accepted. Social appropriateness takes into account that persons of various levels in the hierarchy assess the value of gifts differently with respect to whether they engender an obligation. Such rules as fidelity to the law, transparency, and documentation must be observed.