The ESG Initiative at the Wharton School
On anniversary of the Capitol attack, companies face new pressures to disclose political spending
Outlet: Market Watch
CPA-Zicklin Index compiled in partnership between the Zicklin Center for Governance and Business Ethics at the Wharton School and the Center for Political Accountability provides insight into changes to political spending transparency and oversight.
Two years after the Jan. 6, 2021, attack on the U.S. Capitol sharpened shareholders’ focus on corporate political spending, major U.S. companies are facing new pressures to better monitor and discuss how they dole out cash in Washington, D.C.
The anniversary of the attack comes as public companies and shareholders are gearing up for what promises to be a contentious proxy season, experts say, when shareholders will be asking not only for more comprehensive details on companies’ political outlays, but also for better oversight of how that spending aligns with corporate values.