Today members of the Interfaith Center on Corporate Responsibility (ICCR) announced they had sent letters to members of the Business Roundtable urging them to align political spending with their state core values, to mitigate both reputational risks to the company, and broader risks to democracy.
Corporations increasingly face risk from their political spending, and that risk is heightened when they have not charted where funds will actually go.
“The whole issue of dark money and soliciting dark money presents a real crisis in our political system today and poses a real risk to companies,” said Bruce Freed, president of the Center for Political Accountability, a Washington, D.C., group that pushes companies to disclose more about their financing of political efforts. “At this point,…
Bud Light. Disney. Goya. Coca-Cola. Delta. The one thing these companies all have in common is they have all found themselves in the crosshairs of American politics.
Coca-Cola and UPS investors are among those rejecting abortion bids. Growing Awareness of risks from political, lobbying donations.
Donations have helped utilities increase electricity prices, hinder solar schemes and helped elect sympathetic legislators…
Blue-chip companies gave to Republican group funneling money to lawmakers who overturned abortion-ban veto in North Carolina.
As the 2024 election cycle begins in earnest, companies must act on their fiduciary responsibility to more closely monitor their political spending and the accompanying risk.
Annual meetings kicked off with a bang this year as companies and their executives confronted increasingly thorny questions from both liberal and conservative stakeholders…