Thought leadership and curated content for the public securities arena - What’s the impact of political spending from corporate treasuries?

Cooley PubCo Thought leadership and curated content for the public securities arena What’s the impact of political spending from corporate treasuries? What’s the impact of political spending from corporate treasuries? – Cooley PubCo Cydney Posner on August 26, 2024 This new report, Corporate Underwriters: Where the Rubber Hits the Road, from the nonpartisan Center for Political Accountability, exa. [...] According to the report, “[t]three of these groups—RAGA, DAGA, and the RSLC—have the greatest electoral impact and receive more than half their funding from public companies and their trade associations. [...] This was in part the result of the millions of dollars contributed by companies that underwrote changes in control of state legislatures, the gerrymandering that followed in many states and the subsequent rise of minority rule despite corporate commitments to protecting democratic norms.” In addition, state attorneys general have used interstate lawsuits and amicus briefs in an effort to “drive na. [...] In particular, companies have increasingly faced the risk of public scrutiny of their corporate political spending and the potential adverse effect on “their reputations, their profitability, and their ability to operate in a favorable societal and political environment.” For example, companies may suffer reputational injury when it becomes known that their political spending contradicts their pub. [...] According to a new survey conducted by Mason-Dixon Polling & Strategy (commissioned by the CPA and the Zicklin Center for Governance and Business Ethics at The Wharton School at the University of Pennsylvania), the overwhelming majority of shareholders think so too.