NEW CORPORATE POLITICAL SPENDING REPORT RELEASED: On November 10, Si2 and the IRRC Institute released ”Corporate Governance of Political Expenditures: 2011 Benchmark Report on S&P 500 Companies.” The report finds that corporate accountability and disclosure of political expenditures is on the upswing, with the boards of 31 percent of S&P 500 companies now explicitly overseeing such spending, compared to 23 percent in 2010. However, this increased oversight and transparency does not necessarily translate into less spending, as companies with board oversight of political expenditures spent about 30 percent more in 2010 than those without such explicit policies.
The full report is available here:
Corporate Governance and Politics – Policy and Spending in the SP500
Tags: campaign finance, corporate governance, corporate political contributions, political spending
