In the survey, from the Zicklin Center for Governance and Business Ethics at the University of Pennsylvania’s Wharton School and the Center for Political Accountability, 87% said public companies should be required to have a code of conduct to set rules for their political spending. [...] Zicklin and the Center for Political Accountability said the findings boost their efforts to urge companies to adopt their model code of conduct for political spending. [...] The poll also found that 86% supported the idea of requiring corporations to disclose their political spending on their company website on a semi-annual basis and 75% supported requiring corporations to disclose contributions made to trade associations which are then used for political purposes. [...] In addition to the poll, the Center for Political Accountability is releasing a new report about corporate funding of state-focused groups, including the Republican Governors Association and the Democratic Governors Association. [...] Elevance Health, Altria, CVS Health, and Comcast are among the companies that have donated the most to the governors’ associations, as well as the Republican Attorneys General Association, Democratic Attorneys General Association, Republican State Leadership Committee, and Democratic Legislative Campaign Committee, the Center for Political Accountability found.
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Table of Contents
- Investors Favor Political Disclosures for Companies Poll Finds 1
- By Kate Ackley August 20 2024 138PM ET 1
- Voters who are invested in the stock market want more transparency of corporate political spending according to a new poll released as races heat up for the White House and down-ballot offices. 1
- To do the survey Mason-Dixon Polling Strategy conducted phone interviews with 800 adults between July 22 and August 2. Those polled said they had money in stocks or some type of investment fund. 1
- The report is coming out now to really draw attention to alert companies that this is a risk that you need to take seriously Freed said. 2
- The companies and the associations did not respond to requests for comment or did not offer comment. 2
- The Center for Political Accountability is a nonprofit advocacy group based in Washington D.C. that seeks voluntary public disclosures of political spending from corporations. 2
- Companies frequently donate to groups on both sides of the aisle but Freed said that doesnt change their potential risks. 2
- There can be a bottom line impact he said if investors employees or customers dont agree with a companys spending decisions. 2
- To contact the reporter on this story Kate Ackley at kackleybloombergindustry.com 2
- To contact the editors responsible for this story Bennett Roth at brothbgov.com George Cahlink at gcahlinkbloombergindustry.com 2