US Poll Prompts Investor Focus on Political Spending
A rush of shareholder proposals demanding transparency have been filed for the 2024 proxy season, with a strong emphasis on lobbying alignment.
A rush of shareholder proposals demanding transparency have been filed for the 2024 proxy season, with a strong emphasis on lobbying alignment.
With corporate political disclosure and accountability accepted as the norm, the next step for companies is to put in place a framework for approaching, governing and assessing their election-related spending.
The vast majority of companies utilize various forms of public policy advocacy to impact legislative and regulatory decisions mainly through lobbying and campaign contributions.
“Now, the CPA has developed a Guide to Becoming a Model Code Company, designed to help companies and their boards understand the Model Code and how it can help them manage election-related political spending in high-risk environments…”
Three fundraising accounts tied to key Michigan Democrats each got contributions of at least $200,000 from a nonprofit bankrolled by one of the state’s largest electric utilities in 2022, according to a tax filing obtained by The Detroit News.
Big brands like Comcast, Walmart, Pfizer, and AT&T fund the ring-wing political group that wrecked our democracy.
“They’ve reverted to spending as usual, and they are engaging in spending for access.”
As we begin this new year—a highly charged election year—it might be helpful to check out the Guide to Corporate Political Spending produced by the non-partisan Center for Political Accountability.
The number of public corporations in the S&P 500 Index getting scores of 90 percent or better, called Trendsetters, jumped from 89 last year to a record 100 now, according to data in the 2023 CPA-Zicklin Index of Corporate Political Disclosure and Accountability.
One fifth of S&P 500 firms rank as ‘trendsetters’ in 2023 CPA-Zicklin Index of Corporate Political Disclosure and Accountability…