Stay abreast of what’s happening internationally with developments in corporate public affairs. Here is news that you may find useful and interesting:
A Company Backs a Cause. It Funds a Politician Who Doesn’t. What Gives? ND
Andrew Ross Sorkin, The New York Times, July 21, 2020
An examination of political spending over the past decade shows how some of America’s biggest public companies, and other Fortune 500 corporations, quietly funded political efforts that are antithetical to their public stances. For example, the Center for Political Accountability (CPA) found that Microsoft, which says it supports sustainability, provided money to the Republican Governors Association, which funnelled money to help elect a candidate who reduced emissions standards for the oil and gas industry. The analysis, conducted by the CPA also found that public companies are the biggest benefactors of key political committees supporting the campaigns, donating more than individuals or other lobby groups. Companies aren’t paying attention, they give to these groups and that’s essentially where their due diligence stops,” says CPA President, Bruce Freed. Of the $1.3 billion raised over the past decade by the Democratic and Republican associations, state legislative campaign committees and attorneys general associations, the CPA has found that nearly $600 million came from public companies.
To read more go to The New York Times