Corporations Claim to Support Black History Month but Pay to Suppress Votes from BIPOC

From a new report by Accountable US: Major corporations that have publicly touted their celebration of Black History Month and previously promoted voting rights contributed at least $459,000 to lawmakers who blocked two pieces of federal voting rights legislation, the Freedom to Vote Act (FTVA) and the John Lewis Voting Rights Advancement Act (JLVRAA), in 2021. The FTVA would restore voting rights to…

Yale SOM on Corporations, Advocates and Voting Rights

The Yale School of Management has published a meticulously researched report on 188 different groups advocating for voting rights, with detailed information on their longevity, funding, staff, positions, and initiatives. For us, the most significant part of the report is this: CEO commitment towards protecting the right to vote remains as strong as ever with 80%…

Agenda – Investors Turning Up Heat on Political Spending

Companies heavily ramped up disclosures on political spending policies and oversight in 2021 as investors received massive support on shareholder proposals on the subject, according to an analysis of proxy voting trends. This year, boards should expect that pressure to rise even higher. With the midterm elections looming, boards need to ensure that directors have…

The Corporate Campaign Against Pandemic Protections

The Daily Poster reports on corporate opposition to basic protections for workers with a link to the 13-page comment filed by the Chamber of Commerce on behalf of 51 trade associations. While the White House and many economists have argued that the vaccine mandate will “promote a faster and stronger economic recovery,” powerful business interests…

Corporate America launches massive lobbying blitz to kill key parts of Democrats’ $3.5 trillion economic plan – The Washington Post

A torrent of political groups representing some of the country’s most influential corporations — including ExxonMobil, Pfizer and the Walt Disney Company — are laying the groundwork for a lobbying blitz to stop Congress from enacting significant swaths of President Biden’s $3.5 trillion economic agenda. The emerging opposition appears to be vast, spanning drug manufacturers,…

Fox faces vote on lobbying proposal | Corporate Secretary

The SEC has given the green light for shareholders in Fox Corporation to vote this fall on a proposal regarding the company’s lobbying activities. The proposal, filed by Kenneth Steiner on behalf of John Chevedden, requests that Fox prepare an annual report disclosing: Company policy and procedures governing direct and indirect lobbying and ‘grassroots lobbying…

Activist Shareholders Score Wins on Election Spending After Riot

“Increased political polarization, the 2020 Election, and the January 6th attack on the Capitol, have shown companies that spending corporate dollars on political causes is risky business,” [Thomas] DiNapoli said in a statement to Bloomberg Law. The trend is expected to continue as activist shareholders vow to make sure that companies stay true to their…