“Companies must align political contributions with core values”

Daniel Bross and Bruce Freed SF Chronicle oped:

The Center for Political Accountability’s new study, “Collision Course: The Risks Companies Face When Their Political Spending and Core Values Conflict and How to Address Them,” argues that when companies contribute to political campaigns, they expose themselves to potential risk if policy outcomes clash with core company values and policies. Look no further than the more than 200 CEOs demanding repeal of a North Carolina law that blocked transgender individuals from using restrooms in publicly owned buildings that correspond to their gender identity.

Shortly after the measure was enacted in 2016, a Huffington Post articleskewered 45 corporations publicly opposing the law for helping to elect the law’s supporters. Those companies had donated generously to a national political committee, allowed under law to accept direct corporate contributions, that helped switch partisan control of the North Carolina legislature in the 2010 election. The group spent at least $1.6 million to affect the state’s legislative elections from 2010 through 2015.

 

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