{"id":30485,"date":"2021-05-18T12:16:00","date_gmt":"2021-05-18T16:16:00","guid":{"rendered":"https:\/\/www.stetson.edu\/law\/news\/?p=30485"},"modified":"2021-06-18T12:21:51","modified_gmt":"2021-06-18T16:21:51","slug":"shareholders-fight-to-rein-in-risk-by-demanding-transparency-into-public-companies-political-spending","status":"publish","type":"post","link":"https:\/\/www2.stetson.edu\/law\/news\/index.php\/2021\/05\/18\/shareholders-fight-to-rein-in-risk-by-demanding-transparency-into-public-companies-political-spending\/","title":{"rendered":"Shareholders fight to rein in risk by demanding transparency into public companies\u2019 political spending"},"content":{"rendered":"\n<p style=\"font-size:13px;line-height:18px\">By Eleanor Laise<br><em>MarketWatch<\/em><br>May 18, 2021<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Excerpt<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But simply opening the books on corporate political spending isn\u2019t enough, some experts say. The Interfaith Center on Corporate Responsibility, a coalition of over 300 institutional investors, is pushing companies to align their lobbying on climate issues with their stated corporate values, says Josh Zinner, CEO. Alpern also calls on companies to analyze and report on the alignment between their political spending and their publicly stated values and policies. With BlackRock\u2019s support, one such proposal got 47% support among Pfizer Inc.\u00a0PFE,\u00a0-1.49%\u00a0shareholders in April.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another next step: Give shareholders a vote on corporate political-spending budgets, says Ciara Torres-Spelliscy, a professor at the Stetson University College of Law in Florida. \u201cThis goes back to the reputational risks corporations are taking,\u201d she says. Given the risk of consumer boycotts and investor disenchantment, she says, \u201ccorporations that get involved in politics really risk shooting their brands in the foot.\u201d<\/p>\n\n\n\n<p style=\"font-size: 11.5px;line-height:18px;padding-bottom:15px;\">This article was originally published on the MarketWatch website on May 18, 2021, with the headline, &#8220;<a href=\"https:\/\/www.marketwatch.com\/story\/shareholders-fight-to-rein-in-risk-by-demanding-transparency-into-public-companies-political-spending-11621471534?mod=mw_latestnews\" target=\"_blank\" rel=\"noopener\">Shareholders fight to rein in risk by demanding transparency into public companies\u2019 political spending<\/a>.&#8221;<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Decade-long push to reveal corporate political spending gains fresh momentum in 2021.<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2018],"tags":[394],"class_list":["post-30485","post","type-post","status-publish","format-standard","hentry","category-faculty-in-the-news","category-featured-faculty-in-the-news","tag-ciara-torres-spelliscy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - 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