S C O P E O F C O R P O R A T E P O L I T I C A L S P E N D I N G : P A G E 1 1 M A S S I V E - - Y E T O V E R L O O K E D S C O P E O F C O R P O R A T E P O L I T I C A L S P E N D I N G : P A G E 1 2 M A S S I V E - - Y E T O V E R L O O K E D The $1 billion contributed to the six influential 527 organizations discussed above dwarfs donations the groups received from corporate PACs, which tota. [...] However, several companies’ contributions not only helped elect some of the officials who challenged the results of the 2020 presidential election; their contributions to the Republican Attorneys General Association also linked them to a related 501(c)(4) group, the Rule of Law Defense Fund, that sent robocalls urging participants to join the January 6th march to the US Capitol. [...] Some of the political rhetoric coming from the campaign trail promises a future that could destabilize core aspects of the American economy and the broader environment companies need to thrive, and these concerns are escalated above the level of four years ago. [...] C O N C L U S I O N : P U L L I N G B A C K T H E C U R T A I N O N P A G E 3 2 P O L I T I C A L S P E N D I N G , M A N A G I N G T H E R I S K Thus, the critical first step for management and directors is acknowledging the scope and impact of corporate political spending and the real risks it poses to companies. [...] The Code helps companies to consider where their political contributions ultimately end up and to reconcile the benefits of those contributions with the broader impact their spending has on their reputations, their bottom lines, their legal exposure and on the environment they need to flourish.
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Table of Contents
- W H E R E T H E 1
- R U B B E R H I T S 1
- T H E R O A D 1
- CORPORATE 1
- UNDERWRITERS 1
- Foreword 5
- Methodology 5
- Introduction Why Issue This Report 5
- Scope of Corporate Political Spending Massive -- yet Overlooked 5
- Impact of Corporate Political Spending 5
- Risky Business Examples of the Risks of Corporate Political Spending 5
- Focus on 2024 Unlike Any Other Election in Recent Times 5
- Conclusion Pulling Back the Curtain on Political Spending Managing the Risk 5
- INTRODUCTION WHY ISSUE THIS REPORT 7
- SCOPE OF CORPORATE POLITICAL SPENDING MASSIVE -- YET OVERLOOKED 10
- IMPACT OF CORPORATE POLITICAL SPENDING 13
- RISKY BUSINESS EXAMPLES OF THE RISKS OF CORPORATE POLITICAL SPENDING 16
- Reputational Risks 16
- Business Risks 20
- Intimidation Risks 25
- FOCUS ON 2024 UNLIKE ANY OTHER ELECTION IN RECENT TIMES 28
- Challenging the election state attorneys general 29
- Populism and the business community 30
- CONCLUSION PULLING BACK THE CURTAIN ON POLITICAL SPENDING MANAGING THE RISK 31
- Companies and their leaders 31
- The news media 33
- The Model Code 33
