The Olympic Games in London begin this week, but many companies will be sitting out the 2012 sports summit. Gifts, hospitality, and travel standards vary by country, and some companies are left confused as to what is and isn’t acceptable in different jurisdictions. Indefinite guidance from regulators further complicates matters for companies looking to have a presence at the Olympics.

Below are some steps that companies with an eye on London may take in navigating the grey area posed by corporate gifts, hospitality, and travel in situations like the Olympics.

Have in Place a Robust, Consistent, and Clear Compliance Policy