Despite headwinds, governance reforms keep traction
“If you’re going to give, you have to have robust disclosures and oversight,” Freed said.
Disclosing Political Spend Wins Surprising Investor Support
This proxy season, 13 companies have seen basically the same disclosure resolution on their ballots, according to figures from the non-partisan Center for Political Accountability, with the final one facing a vote last Friday…five majority votes in one season is almost unheard of. The resolution won one majority vote last year.
Real Risks
The report is divided into three parts: risk to the bottom line; risks from political pressure and retribution; and risks to corporate culture and a stable business environment. It concludes with policies companies can put in place and actions they can take to protect themselves narrowly and broadly.
What Companies Can Learn from Law Firms About Political Retaliation
When retribution from the Oval Office threatens the nation’s legal system, there is cause for worry in C-Suites across America.
CZ claps back against ‘baseless’ US plea deal allegations
“While the companies making these contributions may be seeking a favorable regulatory environment, these political donations further erode public trust and expose companies to legal, reputational, and business risks…”
US rise of cryptocurrency and fall of regulation pose ‘profound risks’ – report
A new report warns of “profound risks” in American politics as cryptocurrency companies increase their political spending and Donald Trump oversees regulatory retreat while promising to create a “crypto strategic reserve”.
Risky Return: The True Price of Crypto’s Political Spending Spree
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.
Misleading political spending disclosure allege to run afoul of the securities laws
What is a 501(c)(4) organization? According to The 2024 CPA-Zicklin Index of Corporate Political Disclosure and Accountability, IRC section 501(c)(4) exempts from federal income tax “certain civic groups and nonprofit organizations, whose primary purpose is to promote social welfare.”
Donald Trump’s Inauguration: The Millions Are Flowing
“With Donald Trump, everything is transactional and based on his animosity towards people. Some companies donate to gain access, while others do so for protection,” Bruce Freed explains
Toyota and Meta slipped close to Mr. Trump. The Meaning of ‘donation to the presidential inauguration’
“Every company is lining up to ‘buy favors,’” said Bruce Freed, CPA President.