In the USA, political spending and corporate lobbying are well-established as legitimate business activities that give companies the means to have their interest heard by politicians and governments. At the same time, it is an area that – when not managed appropriately – can expose these companies to heightened business, reputational and legal risks.
US firms face heightened scrutiny of their political spending. Issuers will be thrust further into the political divide heightened from a resolution calling on them to require and disclose reports from trade associations and political action committees they fund detailing exactly where their money goes.
Shareholders, consumer groups and lawmakers seeking more details, better oversight of corporate political outlays…
Shareholder proposals targeting political spending are poised to ramp up in this year’s proxy season, pressing companies to unveil if their sometimes tightly-guarded stances on issues line up with their donations.
The American Bar Association released on Dec. 19, 2022, a video filmed at last September’s Business Law Section Annual Meeting.
In Pennsylvania’s crucial elections this month, Outback Steakhouse’s attempt to back a pro-business candidate went over like a week-old Bloomin’ Onion.
A number of companies, highly sensitized to any misalignment between their political contributions and their public statements, determined to suspend or discontinue some or all of their political donations
Spending misalignment is raising investors’ ire.
Some candidates continue to deny the results of the 2020 presidential elections…
Since 2015, Centene has given more than $26 million to state political campaigns.