Policy on Gifts and Hospitality Received by Directors/Trustees

You must register the gift or hospitality and its source to the Company Secretary in the prescribed manner by completing the relevant form or registering on line, within 28 days of receiving it.

You must register the gift or hospitality and its source within 28 days of receiving it.

You should ask yourself whether you would have been given the gift or hospitality if you were not a Director of Unipol. If you are in doubt as to the motive behind a gift or hospitality, you should register it.

You do not need to register gifts and hospitality which are not related to your role as a Director, or gifts or hospitality which are offered but not accepted.

If in doubt as to the value of a gift or hospitality, you should register it, as a matter of good practice. Also, an accumulation of small gifts that you receive from the same source over a short period (e.g. 6 months), and that add up to £50 or more, should be registered.

You automatically have an interest in a matter under discussion at a Board or Committee meeting if it is likely to affect a person who gave you a gift or hospitality that is registered. If that is the case, you must declare the existence and nature of the gift or hospitality, the person who gave it to you and how the business under consideration relates to that person.

Once two years have passed since you registered the gift or hospitality in your register of interests, your obligation to disclose that interest to any relevant Board or Committee meeting ceases.