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Political Contributions Corporate Governance

Cooley LLP

What’s the impact of political spending from corporate treasuries?

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This new report, 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...more

A&O Shearman

2024 UK General Election Rules for businesses on political engagement

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Now that we know the UK general election is set for 4 July 2024, businesses connected with the UK may look to increase their political efforts or support for a particular party over the coming weeks. While the UK’s campaign...more

Cooley LLP

Can companies escape the trap of politics?

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We hear a lot about companies taking public positions on political issues—as well as the backlash that many experience as a result. Whether you think corporate participation in politics is a good thing or a bad thing, you...more

Cooley LLP

Center for Political Accountability introduces Guide to Model Code

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In 2020, the Center for Political Accountability introduced the CPA-Zicklin Model Code of Conduct for Corporate Political Spending, designed to provide a “thorough and ethical framework” for corporate political spending. The...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Informed Board - Winter 2024

The oversight obligations of boards continue to expand. Recent enforcement actions and new laws in areas such as cybersecurity, artificial intelligence and supply chains create new challenges for boards, as we explain in this...more

Allen Matkins

“Get Foreign Money Out of California Elections Act” Is Set To Advance

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On December 16, 2022, California Assembly Member Alex Lee introduced AB 83 which would enact the "Get Foreign Money Out of California Elections Act.  Six months later he requested that the bill be moved to the inactive file. ...more

Cooley LLP

Center for Political Accountability provides guidance on challenges of corporate political spending

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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 Guide, released last...more

Allen Matkins

Has The Legislature Forgotten Citizens United And The First Amendment?

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More than a decade ago, the United States Supreme Court held that government restrictions on independent political expenditures by corporations and labor unions violated the First Amendment to the U.S. Constitution....more

Cooley LLP

Political spending transparency from Russell 1000 companies? Not so much

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In the wake of the events of January 6, a number of companies, highly sensitized to any misalignment between their political contributions and their public statements or announced core values, determined to suspend or...more

Cooley LLP

What happened with shareholder proposals for political spending in the 2022 proxy season?

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What happened with shareholder proposals for political spending and lobbying in the 2022 proxy season? In these two articles, ISS provides us with an update on shareholder proposals for political contributions and lobbying...more

Cooley LLP

What’s happening with corporate political spending disclosure?

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I have to admit I was surprised to read that, in the new $1.5 trillion budget bill, Congress has once again prohibited the SEC from using any funds for political spending disclosure regulation. But there it is—Section 633—in...more

Mayer Brown Free Writings + Perspectives

Market Trends 2020/21: Disclosure on Political Contributions

This practice note discusses market trends on how public companies’ political contributions, or “political spending,” is perceived to be intertwined with environmental, social, and governance (ESG) issues, and provides...more

Cooley LLP

The Conference Board surveys views on corporate political activity for 2022

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If you think 2021 was a tough year for corporate political activity, 2022 may be even more challenging. That’s according to a recent survey from The Conference Board of government relations executives and managers of...more

Cooley LLP

2021 CPA-Zicklin Index shows steady rise in board oversight and disclosure of political spending

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In the aftermath of January 6, a number of companies, highly sensitized to any dissonance or conflict between their public statements or announced core values and their political contributions, determined to pause or...more

Cooley LLP

Blog: Shareholder proposals for political spending disclosure make headway this proxy season

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The January 6 attack on the Capitol and the subsequent efforts to rewrite voting and vote-counting laws led many companies and CEOs to speak out, sign public statements and pause or discontinue some or all of their political...more

Cooley LLP

Blog: BlackRock uses its voting power to support environmental and social issues

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The outside pressure has been on. As reported by Bloomberg, “[e]nvironmental advocates in cities including New York, Miami, San Francisco, London and Zurich targeted BlackRock for a wave of protests in mid-April, holding up...more

Skadden, Arps, Slate, Meagher & Flom LLP

ESG in the Political Law Arena

Political activities of corporations have been increasingly subject to scrutiny on environmental, social and governance (ESG) matters. Indeed, increased demands that corporate political action committees justify their...more

Cooley LLP

Blog: How should we approach corporate political activity?

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A new piece in the NYT, “Corporations, Vocal About Racial Justice, Go Quiet on Voting Rights,” starts off this way: “As Black Lives Matter protesters filled the streets last summer, many of the country’s largest corporations...more

Cooley LLP

Blog: Senators introduce bill to mandate political spending disclosure and shareholder authorization

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The events of January 6 heightened sensitivity to any dissonance or conflict between a company’s public statements or announced core values and its political contributions. In the aftermath, a number of companies determined...more

Benesch

ESG in 2021 – The Role of Board Oversight of Corporate Political Spending

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Environmental, social and governance (or ESG) issues have been hot topics and buzzwords in corporate governance for well over a decade and these issues have increasingly grabbed the attention of corporations and their boards...more

Vinson & Elkins LLP

World Bank’s “Major Initiative” Should Enhance Evaluations Of Corporate Compliance Programs

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During a roundtable at the Fifth International Debarment Colloquium last month, Joseph Mauro, a spokesperson for the Compliance Unit of the World Bank Group’s (“World Bank”) Integrity Vice Presidency (“INT”), announced recent...more

WilmerHale

Report Finds Clear Trend Toward Increased Transparency in Corporate Political Spending

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A recent report by a pro-transparency group and The Wharton School found a clear trend among S&P 500 companies toward increased disclosures and oversight regarding their political spending. Per the report, more than half of...more

Perkins Coie

Corporate Political Participation: New Opportunities to Reach Customers and Engage Employees

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With the 2020 election season already underway, there are new opportunities emerging for companies that choose to harness political engagement as an important, innovative component of their business strategy. As more...more

Cooley LLP

Blog: Is it time for corporate political spending disclosure?

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A new bill that has been introduced in the House, H.R. 1053, would direct the SEC to issue regs to require public companies to disclose political expenditures in their annual reports and on their websites. While the bill’s...more

Mayer Brown Free Writings + Perspectives

Proposed Legislation to Watch

There are a number of legislative proposals making their way through the House and the Senate that would affect public reporting companies and are gathering some momentum, so they bear watching....more

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