PANDORA acknowledges that in certain situations it is legal, customary and even expected that we provide or accept appropriate gifts and entertainment. However, PANDORA is committed to never to offer, give, accept or solicit gifts, entertainment or any other advantages that can question our independence or intensions. To honour this commitment, all local managements must define local triviality limits, while taking into account local gifting culture and purchasing power. Local triviality limits must be approved by Group CSR, who also monitors market compliance and ensures regular policy revisions. In addition to local triviality limits, all gifts above a set global limit must be reported to Group CSR to obtain Group approval.