Government
Mar. 15, 2023
Shareholders demanding that PAC contributions align with corporate values
There is considerable academic debate over whether corporate political activism has any effect on bottom lines, with some research concluding that such political investments are negatively associated with market performance.
Public companies and their shareholders already anticipating a contentious 2023 proxy season are facing new storm clouds: corporate political contributions.
The U.S. Supreme Court's 2010 decision in Citizens United opened the floodgates to corporate participation in U.S. politics, but the Court's reasoning turned in part on the assumption that shareholders would effectively oversee the use of corporate treasurie...
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