This report from the Center for Political Accountability sheds light on electoral spending by public companies heavily involved in the emerging cryptocurrency fields. The report traces tens of millions of dollars in targeted political spending and links that spending to concrete risks, caused by this spending, that affect already embattled companies.
The 2024 trilogy of reports by the Center for Political Accountability— Corporate Underwriters and the Democracy Gap, Courting Risk: Corporate Underwriters & State Attorneys General, and Corporate Underwriters: Where the Rubber Hits the Road executive summary.
Support by the largest institutional investors for the Center for Political Accountability’s corporate political disclosure resolution dropped to 63.7 percent in the 2024 proxy season, down from 2023’s 70.1 percent support from this group of investors, according to analysis based on shareholder voting data from Diligent Market Intelligence.
This poll was conducted by Mason-Dixon Polling & Strategy, Inc. of Jacksonville, Florida from July 22 through August 2, 2024. A total of 800 adults were interviewed nationwide by telephone. All indicated they currently have money invested in common stock, mutual funds or other investments like an IRA, 401K, education fund or pension plan that…
In this important report, the Center for Political Accountability has brought to light a little-noticed but politically important set of organizations that fund campaigns for governors, state legislators, and attorneys general. These big six “527 Committees” (Republican Governors Association, Democratic Governors Association, Republican Attorneys General Association, Democratic Attorneys General Association, Republican State Leadership Committee and…
Representing major corporations with the Federal Government for nearly 40 years, I viewed my position as akin to a risk manager. I was continually on the watch for opportunities to move our legislative and regulatory agenda forward while being aware of the political and reputation risks and rewards. For years, however, the overwhelming focus was…
Political spending to support controversial policies and leaders thrives in darkness. And no spending has defied necessary scrutiny more than the bigger and bigger donations that public corporations are giving to state attorneys generals through partisan third-party groups.
The purpose of this primer is to help incoming directors understand the ins and outs of corporate political spending and protect their companies from risks posed by this spending.