Shareholders Want More Disclosure of Corporate Political Expenditures
87 percent of respondents said they believe publicly traded companies should be required to have a code of conduct for assessing and governing their political spending
87 percent of respondents said they believe publicly traded companies should be required to have a code of conduct for assessing and governing their political spending
“What’s important to understand is that they are doing this in a social setting, so [lobbyists and staffers] become friends. It’s not just lobbyists going into the office,” said Bruce Freed, president of the Center for Political Accountability.
A recently released survey, commissioned by the Zicklin Center for Governance and Business Ethics at the Wharton School of the University of Pennsylvania and the Center for Political Accountability and conducted by a leading non-partisan polling firm, set out to identify how retail shareholders expect companies to approach, govern and assess their political spending
What exactly is the scope and impact of corporate political spending? Much has been written about the risks – legal, reputational and bottom line – faced by companies engaging in this spending.
Corporate Underwriters: Where the Rubber Hits the Road, from the nonpartisan Center for Political Accountability, examines “the scope of corporate political spending and its impact on state and national politics and policy” by taking a deeper dive into six highly influential “527” organizations.
Voters who are invested in the stock market want more transparency of corporate political spending, according to a new poll released as races heat up for the White House and down-ballot offices.
CEOs are looking to keep doors open” with both Republicans and Democrats.
Even as some corporate bigwigs have taken to the sidelines, Trump’s fundraising has outstripped President Biden’s.
It’s a real problem and it raises questions in terms of conflicts and what the companies are doing, and how their money is being used,” said Bruce Freed, the president of the nonpartisan Center for Political Accountability.
“Climate change is such an important area of risk,” says Jeanne Hanna, research director at the Center for Political Accountability. “A lot of companies acknowledge that they face quantifiable economic risks if climate change carries on. It can do damage to their markets. It could do damage to their production. Companies themselves recognize it as…