The New Rules of Political Spending Oversight
Rising reputational, legal and shareholder risks are pushing boards to treat political spending as a governance priority.

Rising reputational, legal and shareholder risks are pushing boards to treat political spending as a governance priority.
The U.S. cryptocurrency industry has become one of the most aggressive players in U.S. elections, but its spending has amplified scrutiny and backlash of the industry without delivering clear wins.
Between 2011 and 2025, proposals seeking disclosure of political spending won majority support at 30 companies, according to the Center for Political Accountability (CPA).
A total of $51m for the second half of 2025 remains unaccounted for due to this technical error, according to the Center for Political Accountability (CPA), a non-profit that tracks corporate spending.
The Center for Political Accountability (CPA), which has long worked with investors to promote political transparency, including by developing a model shareholder proposal and maintaining the CPA-Zicklin Index, a widely used measure of corporate political disclosure…
The CPA-Zicklin Index—developed by CPA and the Zicklin Center for Governance and Business Ethics at the Wharton School—has become the benchmark for measuring how transparently companies report and oversee their corporate-funded election-related spending…
The CPA both maintains the highly influential Zicklin index, which measures several components of issuer political transparency and assists investors in navigating one category of political disclosure proposals.
The number of leading U.S. companies with the most robust policies for transparency and accountability around their political spending increased significantly from 103 in 2024 to 112 this year…
Securities and Exchange Commission Chairman Paul Atkins and the Trump administration are pushing to eliminate proxy resolutions that are advisory, which would be a fatal blow to resolutions calling for political transparency and board oversight.