Michael Barsa and David Dana for Slate:
Which is why corporations must be pushed to take a stand. Both through “democratically responsible” investment funds and shareholder activism, investors can push corporations to state loudly for all to hear which voting measures they approve and which they denounce. Investors could push for corporations to issue “democracy” impact statements, which would detail the corporations’ political contributions, relevant lobbying efforts, and other measures that affect the fight for preserving democracy in the United States. Investors might push corporations to commit not to make direct or indirect campaign contributions to any politician or state party that supports anti–voting rights legislation, or federal candidates who oppose measures that would protect democracy such as the John Lewis Voting Rights Act. Admittedly, determining which investor demands on corporations would be productive in terms of the fight for democracy is not straightforward or obvious. But that is all the more reason why the effort to make those determinations needs to begin right now.